Banzai International (NASDAQ:BNZI) Shares Down 4.6% – Here’s What Happened

Banzai International, Inc. (NASDAQ:BNZI) fell 4.6% during trading on Wednesday . The stock traded as low as $1.0250 and last traded at $1.03. 555,462 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 684,542 shares. The stock had previously closed at $1.08.

Analyst Ratings Changes

Separately, Singular Research upgraded shares of Banzai International to a “moderate buy” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $260.00.

Banzai International Stock Performance

The company’s fifty day simple moving average is $1.26 and its two-hundred day simple moving average is $1.80. The stock has a market capitalization of $6.95 million, a P/E ratio of -0.16 and a beta of -0.57.

Institutional Trading of Banzai International

A hedge fund recently raised its stake in Banzai International stock. Geode Capital Management LLC boosted its position in Banzai International, Inc. (NASDAQ:BNZI) by 137.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,820 shares of the company’s stock after purchasing an additional 17,260 shares during the quarter. Geode Capital Management LLC owned about 0.44% of Banzai International worth $29,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 96.82% of the company’s stock.

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.