BuzzFeed (NASDAQ:BZFD) Director Acquires $24,999.84 in Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Chris Malone bought 17,361 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of $1.44 per share, with a total value of $24,999.84. Following the acquisition, the director directly owned 17,361 shares in the company, valued at $24,999.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

BuzzFeed Stock Down 5.2%

Shares of NASDAQ BZFD opened at $1.45 on Thursday. 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’s 50 day moving average is $1.25 and its two-hundred day moving average is $0.98. BuzzFeed, Inc. has a 52-week low of $0.54 and a 52-week high of $2.68. The firm has a market cap of $54.58 million, a price-to-earnings ratio of -0.91 and a beta of 3.75.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.40) 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 firm had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $35.08 million.

Hedge Funds Weigh In On BuzzFeed

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of BuzzFeed by 1,615.5% during the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after buying an additional 13,312 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BuzzFeed during the second quarter worth approximately $33,000. Blair William & Co. IL acquired a new stake in BuzzFeed in the third quarter valued at approximately $29,000. XTX Topco Ltd acquired a new stake in BuzzFeed in the second quarter valued at approximately $37,000. Finally, Squarepoint Ops LLC raised its holdings in 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 acquiring an additional 30,803 shares in the last quarter. Hedge funds and other institutional investors own 37.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BZFD shares. Weiss Ratings raised shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered BuzzFeed to a “strong sell” rating in a research report on Saturday, May 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $1.00.

BuzzFeed Company Profile

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.