BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report)’s share price shot up 2% during trading on Wednesday. The stock traded as high as $1.03 and last traded at $1.01. Approximately 73,035 shares were traded during trading, a decline of 78% from the average session volume of 339,135 shares. The stock had previously closed at $0.99.
Analyst Ratings Changes
A number of analysts recently issued reports on BZFD shares. Wall Street Zen raised BuzzFeed from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of BuzzFeed in a report on Monday, August 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $1.00.
Get Our Latest Stock Analysis on BuzzFeed
BuzzFeed Stock Performance
The stock has a market capitalization of $84.17 million, a P/E ratio of -0.66 and a beta of 3.88. 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 stock has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.18.
BuzzFeed (NASDAQ:BZFD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). The firm had revenue of $36.29 million during the quarter, compared to analyst estimates of $43.11 million. BuzzFeed had a negative net margin of 35.83% and a negative return on equity of 113.86%.
Institutional Trading of BuzzFeed
A hedge fund recently bought a new stake in BuzzFeed stock. Squarepoint Ops LLC purchased a new stake in BuzzFeed, Inc. (NASDAQ:BZFD – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 75,955 shares of the company’s stock, valued at approximately $111,000. Squarepoint Ops LLC owned about 0.09% of BuzzFeed as of its most recent filing with the Securities and Exchange Commission. 37.64% of the stock is currently owned by institutional investors.
About BuzzFeed
BuzzFeed, Inc is a digital media company that develops and distributes news, entertainment, lifestyle and culture content across websites, social media platforms, video services and other digital channels. Its content is published under brands including BuzzFeed and HuffPost, with coverage spanning current events, politics, pop culture, food, shopping and lifestyle topics.
The company generates revenue primarily through digital advertising, branded content, content licensing, commerce and other publisher-related activities.
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