Insider Buying: BuzzFeed (NASDAQ:BZFD) Director Buys $24,999.84 in Stock

BuzzFeed, Inc. (NASDAQ:BZFDGet Free Report) Director Chris Malone bought 17,361 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of $1.44 per share, for a total transaction of $24,999.84. Following the acquisition, the director directly owned 17,361 shares of the company’s stock, valued at approximately $24,999.84. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BuzzFeed Trading Down 5.3%

Shares of NASDAQ BZFD traded down $0.08 during mid-day trading on Monday, hitting $1.42. The stock had a trading volume of 765,075 shares, compared to its average volume of 1,960,745. The business has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $0.97. BuzzFeed, Inc. has a 1 year low of $0.54 and a 1 year high of $2.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $53.45 million, a P/E ratio of -0.89 and a beta of 3.74.

BuzzFeed (NASDAQ:BZFDGet Free Report) last announced 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 firm had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Institutional Trading of BuzzFeed

Several large investors have recently added to or reduced their stakes in BZFD. Shay Capital LLC increased its position in BuzzFeed by 115.1% during the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock valued at $305,000 after purchasing an additional 95,879 shares during the period. Vanguard Group Inc. lifted its position in shares of BuzzFeed by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after purchasing an additional 79,263 shares during the period. Geode Capital Management LLC lifted its position in shares of BuzzFeed by 35.8% in the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after purchasing an additional 66,895 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of BuzzFeed by 60.8% during the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock valued at $100,000 after purchasing an additional 40,617 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of BuzzFeed by 259.0% during the third 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 during the period. Institutional investors own 37.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BZFD shares. Weiss Ratings upgraded shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded 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 assigned a Sell rating to the stock. According to MarketBeat.com, BuzzFeed has an average rating of “Reduce” and a consensus target price of $1.00.

Read Our Latest Report on BuzzFeed

About BuzzFeed

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for BuzzFeed (NASDAQ:BZFD)

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