BuzzFeed (NASDAQ:BZFD) Director Sydnie Karras Purchases 17,000 Shares of Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Sydnie Karras bought 17,000 shares of BuzzFeed stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of $1.44 per share, with a total value of $24,480.00. Following the acquisition, the director directly owned 17,000 shares of the company’s stock, valued at approximately $24,480. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BuzzFeed Stock Performance

Shares of BuzzFeed stock opened at $1.42 on Tuesday. The stock has a market cap of $53.45 million, a PE ratio of -0.89 and a beta of 3.74. BuzzFeed, Inc. has a 12 month low of $0.54 and a 12 month high of $2.68. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $1.22 and a 200-day simple moving average of $0.97.

BuzzFeed (NASDAQ:BZFD) last announced its quarterly earnings data 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). BuzzFeed had a negative return on equity of 97.22% and a negative net margin of 33.26%.The business had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million.

Institutional Investors Weigh In On BuzzFeed

Several large investors have recently made changes to their positions in the company. Blair William & Co. IL acquired a new position in BuzzFeed in the third quarter worth approximately $29,000. Raymond James Financial Inc. acquired a new stake in BuzzFeed in the second quarter valued at approximately $33,000. XTX Topco Ltd bought a new stake in BuzzFeed in the second quarter worth approximately $37,000. Bank of America Corp DE grew its position in BuzzFeed by 1,615.5% in the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after acquiring an additional 13,312 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of BuzzFeed by 259.0% during the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after purchasing an additional 30,803 shares during the last quarter. Institutional investors own 37.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BZFD shares. Wall Street Zen downgraded shares of BuzzFeed to a “strong sell” rating in a research report on Saturday, May 30th. Weiss Ratings upgraded shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $1.00.

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.