Banzai International (NASDAQ:BNZI) Price Target Lowered to $42.00 at Ascendiant Capital Markets

Banzai International (NASDAQ:BNZI) had its target price dropped by investment analysts at Ascendiant Capital Markets from $480.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock.

A number of other analysts have also issued reports on the company. Wall Street Zen lowered Banzai International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

Banzai International Trading Down 9.3%

NASDAQ BNZI opened at $3.11 on Wednesday. The stock has a fifty day simple moving average of $8.31 and a 200-day simple moving average of $18.49. The stock has a market cap of $4.54 million, a PE ratio of -0.03 and a beta of -1.02. Banzai International has a twelve month low of $2.90 and a twelve month high of $208.00.

Banzai International (NASDAQ:BNZI) last posted its earnings results on Friday, May 15th. The company reported ($11.69) EPS for the quarter, missing analysts’ consensus estimates of ($5.00) by ($6.69). Banzai International had a negative net margin of 237.54% and a negative return on equity of 391.73%. The company had revenue of $2.70 million during the quarter, compared to analyst estimates of $2.90 million. Research analysts predict that Banzai International will post -17.4 EPS for the current year.

Institutional Trading of Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Focus Partners Wealth bought a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned approximately 0.29% of Banzai International as of its most recent SEC filing. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

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.