Banzai International (BNZI) to Release Quarterly Earnings on Thursday

Banzai International (NASDAQ:BNZI) is scheduled to announce its earnings results after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($4.50) per share for the quarter.

Banzai International (NASDAQ:BNZI) last issued its earnings results on Wednesday, August 14th. The company reported ($7.50) earnings per share (EPS) for the quarter. The business had revenue of $1.07 million for 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 1.5 %

Shares of Banzai International stock opened at $2.03 on Tuesday. Banzai International has a 52-week low of $1.66 and a 52-week high of $828.50. The company has a 50-day simple moving average of $3.73 and a two-hundred day simple moving average of $7.39.

Analysts Set New Price Targets

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

Insider Activity

In other news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the completion of the transaction, the insider now directly owns 4 shares of the company’s stock, valued at $16.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the completion of the sale, the insider now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alco Investment Co bought 282,420 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $3.89 per share, with a total value of $1,098,613.80. Following the completion of the transaction, the insider now directly 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. 49.90% of the stock is owned by corporate insiders.

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.