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

BuzzFeed, Inc. (NASDAQ:BZFD) Director Terence Hill acquired 20,833 shares of the stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of $1.44 per share, for a total transaction of $29,999.52. Following the transaction, the director owned 20,833 shares of the company’s stock, valued at approximately $29,999.52. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

BuzzFeed Stock Performance

Shares of BuzzFeed stock traded down $0.08 on Monday, reaching $1.42. 765,075 shares of the company traded hands, compared to its average volume of 1,960,745. BuzzFeed, Inc. has a 52 week low of $0.54 and a 52 week high of $2.68. The company has a 50 day moving average of $1.20 and a 200 day moving average of $0.97. The firm has a market capitalization of $53.45 million, a PE ratio of -0.89 and a beta of 3.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78.

BuzzFeed (NASDAQ:BZFD) last issued 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). The company had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative return on equity of 97.22% and a negative net margin of 33.26%.

Analyst Ratings Changes

BZFD has been the topic of several research reports. Weiss Ratings upgraded BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded BuzzFeed to a “strong sell” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $1.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Shay Capital LLC grew its stake in 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of BuzzFeed by 8.8% during the third quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after acquiring an additional 79,263 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BuzzFeed by 35.8% in the second quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after acquiring an additional 66,895 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of 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 acquiring an additional 40,617 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of BuzzFeed by 259.0% in the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after purchasing an additional 30,803 shares in the last quarter. 37.64% of the stock is owned by institutional investors.

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.