BuzzFeed, Inc. (NASDAQ:BZFD – Get 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:BZFD – Get 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
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
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
- Five stocks we like better than BuzzFeed
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for BuzzFeed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BuzzFeed and related companies with MarketBeat.com's FREE daily email newsletter.
