BuzzFeed (NASDAQ:BZFD) Trading Down 1.2% – Should You Sell?

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) dropped 1.2% on Thursday . The company traded as low as $0.5810 and last traded at $0.5948. Approximately 89,913 shares were traded during trading, a decline of 65% from the average daily volume of 258,271 shares. The stock had previously closed at $0.6020.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of BuzzFeed in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $1.00.

BuzzFeed Stock Performance

The company has a market cap of $22.39 million, a PE ratio of -0.39 and a beta of 3.43. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $0.77 and its two-hundred day moving average is $1.10.

BuzzFeed (NASDAQ:BZFD) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.75). BuzzFeed had a negative return on equity of 75.23% and a negative net margin of 31.16%.The business had revenue of $56.53 million during the quarter, compared to analysts’ expectations of $58.38 million.

Institutional Trading of BuzzFeed

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in BuzzFeed by 1,615.5% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after purchasing an additional 13,312 shares during the period. Founders Financial Securities LLC raised its position in shares of BuzzFeed by 29.6% during the third quarter. Founders Financial Securities LLC now owns 61,545 shares of the company’s stock valued at $105,000 after buying an additional 14,045 shares during the last quarter. State Street Corp lifted its holdings in shares of BuzzFeed by 18.9% in the fourth quarter. State Street Corp now owns 96,328 shares of the company’s stock worth $90,000 after buying an additional 15,300 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of BuzzFeed in the second quarter worth $33,000. Finally, Blair William & Co. IL bought a new position in shares of BuzzFeed during the third quarter worth $29,000. Institutional investors own 37.64% of the company’s stock.

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.