BuzzFeed (NASDAQ:BZFD) Director Sydnie Karras Buys 17,000 Shares

BuzzFeed, Inc. (NASDAQ:BZFD) Director Sydnie Karras purchased 17,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the director directly owned 17,000 shares in the company, valued at $24,480. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BuzzFeed Price Performance

BZFD stock traded down $0.08 during mid-day trading on Monday, hitting $1.42. The company had a trading volume of 765,075 shares, compared to its average volume of 1,960,745. The company has a 50-day moving average price of $1.20 and a 200 day moving average price of $0.97. BuzzFeed, Inc. has a 12-month low of $0.54 and a 12-month high of $2.68. The company has a market capitalization of $53.45 million, a price-to-earnings ratio of -0.89 and a beta of 3.74. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.77.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.13). The firm had revenue of $31.57 million during the quarter, compared to the consensus estimate 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 a number of recent research reports. Wall Street Zen downgraded shares of BuzzFeed to a “strong sell” rating in a research note on Saturday, May 30th. Weiss Ratings raised shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $1.00.

Institutional Investors Weigh In On BuzzFeed

Several institutional investors have recently modified their holdings of BZFD. Blair William & Co. IL purchased a new position in shares of BuzzFeed in the 3rd quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new stake in BuzzFeed during the 2nd quarter valued at $33,000. XTX Topco Ltd purchased a new stake in BuzzFeed during the 2nd quarter valued at $37,000. Bank of America Corp DE lifted 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 buying an additional 13,312 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in BuzzFeed by 259.0% in the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after buying an additional 30,803 shares during the last quarter. 37.64% of the stock is owned by institutional investors.

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.