Themes Management Co LLC Purchases Shares of 55,540 Brand Engagement Network Inc. $BNAI

Themes Management Co LLC purchased a new position in shares of Brand Engagement Network Inc. (NASDAQ:BNAI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,540 shares of the company’s stock, valued at approximately $2,105,000. Brand Engagement Network makes up about 1.3% of Themes Management Co LLC’s portfolio, making the stock its 14th biggest holding. Themes Management Co LLC owned 0.95% of Brand Engagement Network at the end of the most recent quarter.

Separately, Barclays PLC purchased a new stake in shares of Brand Engagement Network in the 4th quarter valued at $33,000. 15.80% of the stock is currently owned by institutional investors and hedge funds.

Brand Engagement Network Price Performance

BNAI opened at $11.16 on Friday. The stock’s 50 day simple moving average is $16.75 and its 200 day simple moving average is $25.05. The firm has a market cap of $65.40 million, a price-to-earnings ratio of -6.17 and a beta of 0.38. Brand Engagement Network Inc. has a 1 year low of $1.18 and a 1 year high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last announced 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. The firm had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.30 million. Brand Engagement Network had a negative return on equity of 235.73% and a negative net margin of 2,189.33%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brand Engagement Network in a report on Friday, July 17th. Wall Street Zen downgraded shares of Brand Engagement Network from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.