BuzzFeed (NASDAQ:BZFD) Director Purchases $24,480.00 in Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Sydnie Karras acquired 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of $1.44 per share, for a total transaction of $24,480.00. Following the acquisition, the director owned 17,000 shares of the company’s stock, valued at $24,480. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BuzzFeed Stock Performance

NASDAQ BZFD traded down $0.08 during trading hours on Monday, hitting $1.42. 765,075 shares of the company’s stock traded hands, compared to its average volume of 1,960,745. BuzzFeed, Inc. has a 52 week low of $0.54 and a 52 week high of $2.68. The firm has a market capitalization of $53.45 million, a P/E ratio of -0.89 and a beta of 3.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $0.97.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.13). The business had revenue of $31.57 million during the quarter, compared to the consensus estimate of $35.08 million. BuzzFeed had a negative return on equity of 97.22% and a negative net margin of 33.26%.

Hedge Funds Weigh In On BuzzFeed

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of BuzzFeed by 2.6% in the first quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock worth $210,000 after purchasing an additional 8,700 shares during the period. Bank of America Corp DE lifted its stake in shares of BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock valued at $38,000 after buying an additional 13,312 shares in the last quarter. State Street Corp boosted its holdings in BuzzFeed by 18.9% in the 4th quarter. State Street Corp now owns 96,328 shares of the company’s stock worth $90,000 after buying an additional 15,300 shares during the period. Raymond James Financial Inc. bought a new position in BuzzFeed in the 2nd quarter worth $33,000. Finally, Blair William & Co. IL purchased a new stake in BuzzFeed in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen cut BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. Weiss Ratings raised BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $1.00.

About BuzzFeed

BuzzFeed, Inc operates as a digital media and technology company specializing in news, entertainment, and social content. The company produces articles, videos and quizzes that target diverse audiences across web, mobile and social platforms. In addition to editorial content, BuzzFeed offers a suite of advertising solutions, including native advertising, branded content and programmatic display, designed to blend seamlessly with its editorial offerings and engage consumers at scale.

Founded in 2006 by Jonah Peretti and John S.