BuzzFeed (NASDAQ:BZFD – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13), Zacks reports. BuzzFeed had a negative return on equity of 113.86% and a negative net margin of 35.83%. The business had revenue of $26.03 million for the quarter, compared to analyst estimates of $47.64 million.
BuzzFeed Stock Down 39.2%
Shares of BuzzFeed stock traded down $0.36 on Thursday, hitting $0.56. 2,644,190 shares of the company traded hands, compared to its average volume of 1,311,640. BuzzFeed has a 12-month low of $0.54 and a 12-month high of $2.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. The company has a market cap of $46.67 million, a PE ratio of -0.36 and a beta of 4.02. The company has a 50-day moving average price of $1.07 and a 200 day moving average price of $1.06.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on BZFD. Weiss Ratings reiterated a “sell (d-)” rating on shares of BuzzFeed in a report on Monday, August 17th. Wall Street Zen upgraded shares of BuzzFeed from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BuzzFeed currently has an average rating of “Reduce” and an average price target of $1.00.
Check Out Our Latest Report on BZFD
About BuzzFeed
BuzzFeed, Inc (NASDAQ: BZFD) is a digital media company that develops and distributes news, entertainment, lifestyle and cultural content. Its content is published through websites, social media platforms, video services, newsletters and other digital channels, and is supported by advertising, content licensing, affiliate commerce and other commercial partnerships.
The company’s portfolio includes the BuzzFeed brand, HuffPost and Tasty. BuzzFeed produces editorial articles, quizzes, videos and social content, while HuffPost focuses on news, opinion, lifestyle and culture.
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