Joseph Davy Sells 25,490 Shares of Banzai International (NASDAQ:BNZI) Stock

Banzai International, Inc. (NASDAQ:BNZI) CEO Joseph Davy sold 25,490 shares of Banzai International stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $2.40, for a total transaction of $61,176.00. Following the completion of the transaction, the chief executive officer owned 5 shares of the company’s stock, valued at $12. This trade represents a 99.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Banzai International Stock Performance

NASDAQ BNZI opened at $3.05 on Monday. The stock’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $6.61. Banzai International, Inc. has a one year low of $2.08 and a one year high of $68.90.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($3.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.20) by ($2.31). The business had revenue of $3.26 million during the quarter, compared to analysts’ expectations of $4.00 million.

Institutional Investors Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC acquired a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 59,710 shares of the company’s stock, valued at approximately $67,000. Virtu Financial LLC owned approximately 0.39% of Banzai International at the end of the most recent reporting period. Institutional investors and hedge funds own 96.82% of the company’s stock.

Analysts Set New Price Targets

BNZI has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Banzai International from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Banzai International in a report on Saturday, September 27th. Finally, Taglich Brothers upgraded shares of Banzai International to a “moderate buy” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.