Ascendiant Capital Markets Issues Positive Forecast for Banzai International (NASDAQ:BNZI) Stock Price

Banzai International (NASDAQ:BNZI) had its price objective raised by Ascendiant Capital Markets from $23.00 to $24.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Banzai International Stock Performance

Shares of NASDAQ:BNZI opened at $0.69 on Tuesday. The stock has a market capitalization of $12.03 million, a price-to-earnings ratio of -0.10 and a beta of -0.51. Banzai International has a one year low of $0.52 and a one year high of $12.50. The company has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $1.48.

Banzai International (NASDAQ:BNZI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $2.38. Banzai International had a negative net margin of 184.96% and a negative return on equity of 429.90%. The firm had revenue of $2.81 million during the quarter, compared to analysts’ expectations of $3.19 million.

Hedge Funds Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth bought a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned 0.29% of Banzai International at the end of the most recent quarter. Hedge funds and other institutional investors 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.