Wall Street Zen Upgrades BuzzFeed (NASDAQ:BZFD) to “Sell”

BuzzFeed (NASDAQ:BZFDGet Free Report) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings raised shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BuzzFeed has a consensus rating of “Reduce” and a consensus target price of $1.00.

View Our Latest Report on BuzzFeed

BuzzFeed Stock Performance

NASDAQ:BZFD opened at $1.11 on Friday. The company has a market cap of $92.50 million, a PE ratio of -0.72 and a beta of 3.78. The business’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.07. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. BuzzFeed has a 52 week low of $0.54 and a 52 week high of $2.21.

BuzzFeed (NASDAQ:BZFDGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.22) earnings per share 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 the consensus estimate of $43.11 million. BuzzFeed had a negative net margin of 35.83% and a negative return on equity of 113.86%.

Insider Transactions at BuzzFeed

In other BuzzFeed news, Director Terence Hill bought 20,833 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $1.44 per share, with a total value of $29,999.52. Following the completion of the acquisition, the director directly owned 20,833 shares of the company’s stock, valued at approximately $29,999.52. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Gould bought 33,000 shares of the firm’s 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 purchase, the director owned 33,000 shares of the company’s stock, valued at $47,520. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 88,194 shares of company stock worth $126,999 in the last three months. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of BuzzFeed

A number of institutional investors and hedge funds have recently made changes to their positions in BZFD. Vanguard Group Inc. lifted its holdings 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 last quarter. Renaissance Technologies LLC grew its stake in BuzzFeed by 2.6% during the 1st quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock worth $210,000 after buying an additional 8,700 shares during the last quarter. Geode Capital Management LLC grew its stake in BuzzFeed by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after buying an additional 66,895 shares during the last quarter. Shay Capital LLC increased its position in BuzzFeed by 115.1% in the third quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after buying an additional 95,879 shares during the period. Finally, Panagora Asset Management Inc. increased its position in BuzzFeed by 60.8% in the fourth 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 period. 37.64% of the stock is currently owned by institutional investors and hedge funds.

BuzzFeed Company Profile

(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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