Bullfrog AI (NASDAQ:BFRG) Posts Earnings Results, Beats Estimates By $0.04 EPS

Bullfrog AI (NASDAQ:BFRG) announced its quarterly earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04, Zacks reports.

Bullfrog AI Price Performance

Shares of NASDAQ BFRG traded down $0.02 on Friday, hitting $0.57. The company’s stock had a trading volume of 111,152 shares, compared to its average volume of 4,884,005. Bullfrog AI has a 12-month low of $0.43 and a 12-month high of $2.04. The company has a market capitalization of $10.54 million, a price-to-earnings ratio of -1.05 and a beta of -2.70. The stock has a 50 day moving average of $0.65 and a 200-day moving average of $0.69.

Institutional Investors Weigh In On Bullfrog AI

An institutional investor recently bought a new stake in Bullfrog AI stock. DRW Securities LLC bought a new stake in shares of Bullfrog AI Holdings Inc. (NASDAQ:BFRG) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 102,062 shares of the company’s stock, valued at approximately $90,000. DRW Securities LLC owned about 0.89% of Bullfrog AI as of its most recent filing with the SEC. 0.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Bullfrog AI from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Finally, Zacks Research upgraded Bullfrog AI to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

About Bullfrog AI

Bullfrog AI, Inc (NASDAQ: BFRG) is a technology company specializing in AI-driven knowledge management and enterprise search solutions. The firm offers a cloud-native platform designed to help organizations surface, organize and analyze unstructured data across multiple sources. By leveraging machine learning, natural language processing and knowledge graph techniques, Bullfrog AI enables users to discover relevant insights from documents, emails, databases and other repositories in real time.

The company’s flagship product is the Bullfrog Enterprise Intelligence Platform, which combines semantic search, contextual relevance ranking and generative AI capabilities.