Brand Engagement Network (NASDAQ:BNAI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Brand Engagement Network (NASDAQ:BNAI) from a hold rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Brand Engagement Network from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Brand Engagement Network Price Performance

NASDAQ:BNAI opened at $7.28 on Friday. The company has a market capitalization of $54.53 million, a P/E ratio of -4.55 and a beta of 0.44. The business has a fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $22.82. Brand Engagement Network has a 1 year low of $1.18 and a 1 year high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.31. Brand Engagement Network had a negative return on equity of 145.56% and a negative net margin of 2,356.26%.The firm had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $100.00 million.

Hedge Funds Weigh In On Brand Engagement Network

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Brand Engagement Network during the 2nd quarter valued at $5,673,000. Themes Management Co LLC bought a new position in Brand Engagement Network in the 1st quarter worth about $2,105,000. Susquehanna International Group LLP grew its holdings in Brand Engagement Network by 426.6% during the 2nd quarter. Susquehanna International Group LLP now owns 37,472 shares of the company’s stock valued at $641,000 after buying an additional 30,356 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Brand Engagement Network during the 2nd quarter valued at about $328,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Brand Engagement Network during the second quarter valued at about $203,000. 15.80% of the stock is owned by institutional investors.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc (NASDAQ:BNAI) is an artificial intelligence technology company that develops conversational and engagement solutions for businesses and other organizations. Its platform is designed to enable natural, personalized interactions between companies and their customers through AI-powered digital assistants and branded virtual experiences.

The company’s solutions are intended to support functions such as customer service, sales, product education, lead generation and employee or customer training.