Wall Street Zen downgraded shares of Banzai International (NASDAQ:BNZI – Free Report) from a sell rating to a strong sell rating in a report published on Saturday morning.
A number of other analysts also recently issued reports on BNZI. Weiss Ratings upgraded shares of Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Ascendiant Capital Markets raised their price target on shares of Banzai International from $460.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $480.00.
Check Out Our Latest Stock Analysis on BNZI
Banzai International Price Performance
Banzai International (NASDAQ:BNZI – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $35.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($11.73) by $47.53. The business had revenue of $2.81 million during the quarter, compared to the consensus estimate of $3.19 million. Banzai International had a negative net margin of 184.96% and a negative return on equity of 429.90%. As a group, research analysts expect that Banzai International will post -17.4 EPS for the current year.
Hedge Funds Weigh In On Banzai International
An institutional investor recently raised its position in Banzai International stock. Geode Capital Management LLC increased its stake in shares of Banzai International, Inc. (NASDAQ:BNZI – Free Report) by 137.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,820 shares of the company’s stock after purchasing an additional 17,260 shares during the period. Geode Capital Management LLC owned approximately 0.44% of Banzai International worth $29,000 at the end of the most recent reporting period. 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.
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