Brand Engagement Network (NASDAQ:BNAI) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Brand Engagement Network (NASDAQ:BNAI) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brand Engagement Network in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Brand Engagement Network Price Performance

Shares of NASDAQ:BNAI opened at $11.16 on Friday. The company’s fifty day moving average price is $16.75 and its 200-day moving average price is $25.05. The firm has a market capitalization of $65.40 million, a price-to-earnings ratio of -6.17 and a beta of 0.38. Brand Engagement Network has a one year low of $1.18 and a one year high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($1.20) by $0.69. Brand Engagement Network had a negative net margin of 2,189.33% and a negative return on equity of 235.73%. The firm had revenue of $0.10 million for the quarter, compared to analysts’ expectations of $0.30 million.

Institutional Investors Weigh In On Brand Engagement Network

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new stake in shares of Brand Engagement Network during the fourth quarter valued at approximately $33,000. XTX Topco Ltd raised its holdings in Brand Engagement Network by 197.9% during the 2nd quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock valued at $32,000 after buying an additional 48,951 shares during the last quarter. Finally, Themes Management Co LLC bought a new stake in Brand Engagement Network during the 1st quarter valued at $2,105,000. 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.