Banzai International (NASDAQ:BNZI) PT Lowered to $2.50

Banzai International (NASDAQ:BNZI) had its target price reduced by analysts at Ascendiant Capital Markets from $3.25 to $2.50 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock.

Banzai International Price Performance

Shares of NASDAQ:BNZI opened at $0.08 on Thursday. Banzai International has a 1-year low of $0.08 and a 1-year high of $16.57. The business’s 50 day moving average is $0.14 and its 200-day moving average is $0.37.

Institutional Trading of Banzai International

An institutional investor recently bought a new position in Banzai International stock. Sandia Investment Management LP bought a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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.

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.