Insider Buying: BuzzFeed (NASDAQ:BZFD) Director Acquires $29,999.52 in Stock

BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) Director Terence Hill bought 20,833 shares of BuzzFeed stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $1.44 per share, with a total value of $29,999.52. Following the completion of the purchase, the director owned 20,833 shares in the company, valued at approximately $29,999.52. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BuzzFeed Stock Down 5.2%

BZFD stock opened at $1.45 on Thursday. BuzzFeed, Inc. has a twelve month low of $0.54 and a twelve 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. The company has a market capitalization of $54.58 million, a P/E ratio of -0.91 and a beta of 3.75. The firm has a 50 day simple moving average of $1.25 and a 200-day simple moving average of $0.98.

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

Hedge Funds Weigh In On BuzzFeed

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in BuzzFeed by 2.6% during the first quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock valued at $210,000 after purchasing an additional 8,700 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of BuzzFeed by 60.8% in the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock worth $100,000 after buying an additional 40,617 shares during the last quarter. State Street Corp lifted its position in shares of 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 last quarter. Shay Capital LLC boosted its holdings in shares of BuzzFeed by 115.1% in the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock valued at $305,000 after buying an additional 95,879 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of BuzzFeed by 259.0% in 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 during the period. Institutional investors and hedge funds own 37.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis 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.

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