Banzai International (BNZI) Set to Announce Earnings on Thursday

Banzai International (NASDAQ:BNZI) is scheduled to be issuing its quarterly earnings data 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 quarterly earnings data on Wednesday, August 14th. The company reported ($7.50) earnings per share (EPS) for the quarter. The company 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 Trading Down 4.4 %

Shares of NASDAQ:BNZI opened at $1.94 on Wednesday. The business’s fifty day moving average price is $3.73 and its two-hundred day moving average price is $7.39. Banzai International has a one year low of $1.66 and a one year high of $828.50.

Insider Transactions at Banzai International

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

Wall Street Analysts Forecast Growth

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

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.