Bullfrog AI (NASDAQ:BFRG) Issues Earnings Results, Beats Expectations By $0.04 EPS

Bullfrog AI (NASDAQ:BFRG) announced its earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04, Zacks reports.

Bullfrog AI Stock Performance

NASDAQ BFRG traded down $0.02 during trading hours on Friday, hitting $0.57. 111,152 shares of the company’s stock were exchanged, compared to its average volume of 4,884,005. The business’s 50 day moving average is $0.65 and its 200-day moving average is $0.69. Bullfrog AI has a 12-month low of $0.43 and a 12-month high of $2.04. The firm has a market capitalization of $10.54 million, a P/E ratio of -1.05 and a beta of -2.70.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BFRG shares. Wall Street Zen raised shares of Bullfrog AI from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised shares of Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Finally, Zacks Research raised shares of Bullfrog AI to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Bullfrog AI

A hedge fund recently bought a new position in Bullfrog AI stock. DRW Securities LLC purchased a new position in shares of Bullfrog AI Holdings Inc. (NASDAQ:BFRG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 102,062 shares of the company’s stock, valued at approximately $90,000. DRW Securities LLC owned 0.89% of Bullfrog AI as of its most recent SEC filing. Hedge funds and other institutional investors own 0.96% of the company’s stock.

About Bullfrog AI

Bullfrog AI, Inc (NASDAQ: BFRG) is a technology company specializing in AI-driven knowledge management and enterprise search solutions. The firm offers a cloud-native platform designed to help organizations surface, organize and analyze unstructured data across multiple sources. By leveraging machine learning, natural language processing and knowledge graph techniques, Bullfrog AI enables users to discover relevant insights from documents, emails, databases and other repositories in real time.

The company’s flagship product is the Bullfrog Enterprise Intelligence Platform, which combines semantic search, contextual relevance ranking and generative AI capabilities.