Ascendiant Capital Markets Has Lowered Expectations for Banzai International (NASDAQ:BNZI) Stock Price

Banzai International (NASDAQ:BNZI) had its price objective trimmed by Ascendiant Capital Markets from $26.00 to $24.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Banzai International Stock Performance

Shares of BNZI stock opened at $0.98 on Thursday. The firm has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $1.33. Banzai International has a twelve month low of $0.73 and a twelve month high of $11.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC acquired a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,710 shares of the company’s stock, valued at approximately $67,000. Virtu Financial LLC owned about 0.39% of Banzai International at the end of the most recent reporting period. 96.82% of the stock is owned by institutional investors.

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.