Brand Engagement Network (NASDAQ:BNAI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Brand Engagement Network (NASDAQ:BNAI) from a sell rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Brand Engagement Network presently has a consensus rating of “Sell”.

Brand Engagement Network Stock Performance

BNAI stock opened at $22.45 on Friday. The firm has a market cap of $100.76 million, a P/E ratio of -3.45 and a beta of 1.01. The firm’s fifty day moving average is $10.38 and its 200 day moving average is $6.06. Brand Engagement Network has a 52 week low of $1.18 and a 52 week high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $0.81. The business had revenue of $0.06 million for the quarter.

Hedge Funds Weigh In On Brand Engagement Network

Several hedge funds have recently made changes to their positions in BNAI. XTX Topco Ltd raised its holdings in shares of Brand Engagement Network by 197.9% during the second quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock valued at $32,000 after acquiring an additional 48,951 shares in the last quarter. Corps Capital Advisors LLC increased its position in Brand Engagement Network by 132.9% during the 2nd quarter. Corps Capital Advisors LLC now owns 223,064 shares of the company’s stock valued at $98,000 after purchasing an additional 127,286 shares during the period. Finally, Lido Advisors LLC raised its holdings in Brand Engagement Network by 404.3% in the 2nd quarter. Lido Advisors LLC now owns 932,924 shares of the company’s stock worth $410,000 after purchasing an additional 747,924 shares in the last quarter. 15.80% of the stock is owned by hedge funds and other institutional investors.

About Brand Engagement Network

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.