BuzzFeed (NASDAQ:BZFD) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of BuzzFeed (NASDAQ:BZFD) from a strong sell rating to a sell rating in a research note released on Saturday morning.

Separately, Weiss Ratings raised BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. One 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 stock has a consensus rating of “Reduce” and an average target price of $1.00.

BuzzFeed Stock Down 2.6%

Shares of BZFD opened at $1.11 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.07. The stock has a market cap of $92.50 million, a price-to-earnings ratio of -0.72 and a beta of 3.78. BuzzFeed has a 12 month low of $0.54 and a 12 month high of $2.21.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.08). BuzzFeed had a negative net margin of 35.83% and a negative return on equity of 113.86%. The company had revenue of $36.29 million during the quarter, compared to the consensus estimate of $43.11 million.

Insider Transactions at BuzzFeed

In other news, Director Eric Gould purchased 33,000 shares of BuzzFeed stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of $1.44 per share, for a total transaction of $47,520.00. Following the completion of the transaction, the director directly owned 33,000 shares in the company, valued at approximately $47,520. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Terence Hill acquired 20,833 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of $1.44 per share, for a total transaction of $29,999.52. Following the completion of the purchase, the director directly owned 20,833 shares of the company’s stock, valued at approximately $29,999.52. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 88,194 shares of company stock valued at $126,999 in the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of BuzzFeed by 8.8% in the 3rd 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. Renaissance Technologies LLC increased its holdings in BuzzFeed by 2.6% during the 1st quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock valued at $210,000 after purchasing an additional 8,700 shares in the last quarter. Geode Capital Management LLC increased its holdings in BuzzFeed by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock valued at $508,000 after purchasing an additional 66,895 shares in the last quarter. Shay Capital LLC raised its position 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 purchasing an additional 95,879 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in BuzzFeed by 60.8% in the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock valued at $100,000 after purchasing an additional 40,617 shares during the last quarter. 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.