BuzzFeed (NASDAQ:BZFD) Stock Price Up 1% – Should You Buy?

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) were up 1% during trading on Tuesday . The company traded as high as $1.0999 and last traded at $1.06. Approximately 518,271 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 359,678 shares. The stock had previously closed at $1.05.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of BuzzFeed in a report on Wednesday, October 8th. Wall Street Zen raised shares of BuzzFeed from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BuzzFeed has a consensus rating of “Moderate Buy”.

BuzzFeed Stock Up 1.0%

The company has a market capitalization of $39.26 million, a P/E ratio of -106,000.00 and a beta of 3.39. The company has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). BuzzFeed had a negative return on equity of 38.20% and a net margin of 0.06%.The firm had revenue of $46.32 million during the quarter, compared to the consensus estimate of $54.65 million. BuzzFeed has set its FY 2025 guidance at EPS.

Insider Activity at BuzzFeed

In related news, Director Adam Rothstein sold 150,000 shares of BuzzFeed stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $2.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director directly owned 723,045 shares of the company’s stock, valued at $1,446,090. This trade represents a 17.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Janet L. Rolle sold 23,907 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $2.00, for a total transaction of $47,814.00. Following the sale, the director directly owned 110,213 shares in the company, valued at $220,426. The trade was a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 324,655 shares of company stock valued at $640,037 in the last three months. Company insiders own 20.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd raised its stake in BuzzFeed by 222.2% during the first quarter. R Squared Ltd now owns 15,080 shares of the company’s stock valued at $32,000 after buying an additional 10,400 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BuzzFeed during the second quarter valued at $33,000. XTX Topco Ltd bought a new position in shares of BuzzFeed during the second quarter valued at $37,000. Bank of America Corp DE raised its position in shares of BuzzFeed by 1,615.5% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after purchasing an additional 13,312 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in BuzzFeed in the 2nd quarter worth about $77,000. Institutional investors own 37.64% of the company’s stock.

BuzzFeed Company Profile

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.