BuzzFeed (NASDAQ:BZFD) Director Acquires $47,520.00 in Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Eric Gould purchased 33,000 shares of BuzzFeed stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $1.44 per share, with a total value of $47,520.00. Following the completion of the acquisition, the director directly owned 33,000 shares of the company’s stock, valued at approximately $47,520. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BuzzFeed Stock Performance

Shares of BZFD opened at $1.45 on Thursday. The stock has a 50 day moving average of $1.25 and a 200 day moving average of $0.98. The company has a market capitalization of $54.58 million, a price-to-earnings ratio of -0.91 and a beta of 3.75. BuzzFeed, Inc. has a 12 month low of $0.54 and a 12 month high of $2.68. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.77.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data 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). BuzzFeed had a negative return on equity of 97.22% and a negative net margin of 33.26%.The business had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BZFD shares. Weiss Ratings upgraded shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Wall Street Zen lowered BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $1.00.

Hedge Funds Weigh In On BuzzFeed

A number of large investors have recently modified their holdings of the company. Blair William & Co. IL purchased a new stake in BuzzFeed during the third quarter valued at about $29,000. Raymond James Financial Inc. purchased a new position in shares of BuzzFeed in the 2nd quarter worth about $33,000. XTX Topco Ltd bought a new position in shares of BuzzFeed during the 2nd quarter valued at about $37,000. Bank of America Corp DE increased its position 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 purchasing an additional 13,312 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of BuzzFeed by 259.0% during the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after buying an additional 30,803 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors.

BuzzFeed Company Profile

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.