Banzai International, Inc. (NASDAQ:BNZI) Major Shareholder Alco Investment Co Buys 282,420 Shares

Banzai International, Inc. (NASDAQ:BNZI) major shareholder Alco Investment Co bought 282,420 shares of Banzai International stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $3.89 per share, with a total value of $1,098,613.80. Following the acquisition, the insider now directly owns 330,340 shares of the company’s stock, valued at $1,285,022.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Banzai International Price Performance

BNZI stock traded up $4.04 during midday trading on Tuesday, hitting $8.24. 62,316,099 shares of the company’s stock were exchanged, compared to its average volume of 731,701. Banzai International, Inc. has a 1-year low of $2.42 and a 1-year high of $828.50. The business has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.35.

Banzai International (NASDAQ:BNZI) last announced its earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $1.07 million for the quarter.

Institutional Trading of Banzai International

An institutional investor recently bought a new position in Banzai International stock. Sandia Investment Management LP purchased a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned 0.21% of Banzai International at the end of the most recent reporting period. Institutional investors and hedge funds own 96.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets lowered their price objective on Banzai International from $3.25 to $2.50 and set a “buy” rating on the stock in a research note on Thursday, August 29th.

Banzai International Company Profile

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.