Beneficient (NASDAQ:BENF – Get Free Report) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report released on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beneficient in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Analysis on Beneficient
Beneficient Stock Down 6.5%
Shares of BENF stock opened at $0.80 on Friday. The stock has a 50-day moving average of $1.48 and a 200-day moving average of $2.71. Beneficient has a one year low of $0.50 and a one year high of $9.96.
Beneficient (NASDAQ:BENF – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($2.06) by $1.59. The company had revenue of $15.93 million for the quarter, compared to analyst estimates of $10.16 million. As a group, research analysts expect that Beneficient will post -9.50 EPS for the current year.
Institutional Investors Weigh In On Beneficient
An institutional investor recently bought a new stake in Beneficient stock. T3 Companies LLC bought a new stake in shares of Beneficient (NASDAQ:BENF – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,030 shares of the company’s stock, valued at approximately $59,000. T3 Companies LLC owned about 0.28% of Beneficient at the end of the most recent quarter. 90.57% of the stock is owned by institutional investors and hedge funds.
Beneficient Company Profile
Beneficient (NASDAQ: BENF) is a financial services company that provides liquidity and trust-based solutions for holders of alternative assets. Its platform is designed to help investors access cash from illiquid investments, including private equity, venture capital, real estate, private credit and other privately held assets, without necessarily waiting for those investments to reach maturity or a traditional exit.
The company serves individuals, families, trusts, family offices and certain institutional investors.
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