Brand Engagement Network (NASDAQ:BNAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brand Engagement Network (NASDAQ:BNAI) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brand Engagement Network currently has a consensus rating of “Sell”.

Brand Engagement Network Stock Performance

Shares of NASDAQ:BNAI opened at $13.52 on Friday. Brand Engagement Network has a 52-week low of $1.18 and a 52-week high of $86.28. The company has a market capitalization of $101.26 million, a P/E ratio of -8.45 and a beta of 0.44. The company has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $24.53.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Brand Engagement Network during the second quarter worth approximately $5,673,000. Themes Management Co LLC bought a new position in shares of Brand Engagement Network during the first quarter worth approximately $2,105,000. XTX Topco Ltd increased its stake in shares of Brand Engagement Network by 197.9% during the second quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock worth $32,000 after purchasing an additional 48,951 shares during the period. Susquehanna International Group LLP lifted 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 worth $641,000 after purchasing an additional 30,356 shares during the last quarter. Finally, Barclays PLC acquired a new stake in Brand Engagement Network during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 15.80% of the company’s stock.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.