Banzai International Stock to Reverse Split on Tuesday, October 27th (NASDAQ:PARA)

Shares of Banzai International (NASDAQ:PARA) are going to reverse split on Tuesday, October 27th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 26th.

Banzai International Price Performance

Shares of PARA stock traded down $0.05 on Friday, reaching $0.43. The company’s stock had a trading volume of 117,677 shares, compared to its average volume of 406,599. Banzai International has a 1 year low of $0.42 and a 1 year high of $48.40.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

About Banzai International

Banzai International, Inc is a software company that provides marketing technology designed to help businesses plan, promote and measure virtual and in-person events. Its platform is intended to support customer engagement, lead generation and marketing automation.

The company’s product portfolio has included Demio, a webinar and virtual-event platform, along with tools focused on event promotion, audience registration, communications and performance measurement. Banzai primarily serves businesses and marketing teams seeking to improve event-driven demand generation and customer outreach.

Banzai was founded by Joe Davy, who has served as the company’s chief executive officer.