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

Brand Engagement Network (NASDAQ:BNAI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brand Engagement Network in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Brand Engagement Network Stock Performance

BNAI stock opened at $22.45 on Friday. The company has a market capitalization of $100.80 million, a PE ratio of -3.45 and a beta of 1.01. Brand Engagement Network has a 52 week low of $1.18 and a 52 week high of $86.28. The company’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $6.04.

Brand Engagement Network (NASDAQ:BNAI) last announced its earnings results on Tuesday, November 25th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($1.40) by $0.81. The business had revenue of $0.06 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC lifted its holdings in shares of Brand Engagement Network by 404.3% in the second quarter. Lido Advisors LLC now owns 932,924 shares of the company’s stock worth $410,000 after acquiring an additional 747,924 shares during the last quarter. XTX Topco Ltd grew 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 buying an additional 48,951 shares during the last quarter. Finally, Corps Capital Advisors LLC increased its holdings in shares of Brand Engagement Network by 132.9% during the second quarter. Corps Capital Advisors LLC now owns 223,064 shares of the company’s stock worth $98,000 after buying an additional 127,286 shares in the last quarter. Institutional investors 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.