Banzai International (NASDAQ:BNZI) Issues Earnings Results, Misses Estimates By $0.82 EPS

Banzai International (NASDAQ:BNZI) released its quarterly earnings data on Friday. The company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.82), Zacks reports.

Banzai International Price Performance

BNZI stock traded up $0.06 on Friday, hitting $1.46. 1,393,358 shares of the company were exchanged, compared to its average volume of 426,175. The stock has a market capitalization of $5.05 million, a price-to-earnings ratio of -0.15 and a beta of -0.61. The business’s fifty day moving average is $2.49 and its two-hundred day moving average is $4.93. Banzai International has a twelve month low of $1.36 and a twelve month high of $27.00.

Insider Buying and Selling

In related news, CEO Joseph P. Davy sold 25,490 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $2.40, for a total value of $61,176.00. Following the sale, the chief executive officer directly owned 5 shares of the company’s stock, valued at $12. This represents a 99.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BNZI has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Banzai International in a research report on Wednesday, October 8th. Taglich Brothers upgraded shares of Banzai International to a “moderate buy” rating in a research report on Monday, July 28th. Finally, Wall Street Zen downgraded Banzai International from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Banzai International has an average rating of “Hold” and a consensus price target of $260.00.

Banzai International Company Profile

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.