Lee Kelleher Wealth Management Sells 135,000 Shares of Brand Engagement Network Inc. $BNAI

Lee Kelleher Wealth Management cut its holdings in Brand Engagement Network Inc. (NASDAQ:BNAI) by 90.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 135,000 shares during the quarter. Lee Kelleher Wealth Management owned approximately 0.33% of Brand Engagement Network worth $35,000 at the end of the most recent reporting period.

Separately, Lido Advisors LLC raised its stake in Brand Engagement Network by 404.3% during 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 in the last quarter. 15.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BNAI. Weiss Ratings restated a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Brand Engagement Network from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Brand Engagement Network Stock Performance

Shares of BNAI opened at $36.11 on Friday. Brand Engagement Network Inc. has a 52 week low of $1.18 and a 52 week high of $86.28. The stock has a market capitalization of $162.13 million, a price-to-earnings ratio of -5.56 and a beta of 0.96. The stock has a fifty day moving average of $31.48 and a 200-day moving average of $13.30.

Brand Engagement Network 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.