Banzai International (BNZI) to Release Quarterly Earnings on Thursday

Banzai International (NASDAQ:BNZI) will be posting its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect Banzai International to post earnings of ($4.50) per share for the quarter.

Banzai International (NASDAQ:BNZI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($7.50) earnings per share for the quarter. The business had revenue of $1.07 million during the quarter. On average, analysts expect Banzai International to post $-26 EPS for the current fiscal year and $-15 EPS for the next fiscal year.

Banzai International Stock Down 9.8 %

Shares of NASDAQ BNZI opened at $1.93 on Thursday. The firm’s 50 day simple moving average is $3.92 and its 200-day simple moving average is $7.83. Banzai International has a 12 month low of $1.91 and a 12 month high of $828.50.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets decreased their price target on shares of Banzai International from $162.50 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th.

Insider Transactions at Banzai International

In other news, major shareholder Alco Investment Co purchased 282,420 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $1,098,613.80. Following the acquisition, the insider now directly owns 330,340 shares of the company’s stock, valued at approximately $1,285,022.60. This represents a 500.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of Banzai International stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $4.14, for a total value of $2,631,172.86. Following the completion of the transaction, the insider now owns 4 shares in the company, valued at approximately $16.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alco Investment Co bought 282,420 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $3.89 per share, with a total value of $1,098,613.80. Following the completion of the acquisition, the insider now owns 330,340 shares of the company’s stock, valued at $1,285,022.60. This trade represents a 500.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 49.90% of the company’s stock.

About Banzai International

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.