BuzzFeed (NASDAQ:BZFD) Trading Down 1.2% – Time to Sell?

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) fell 1.2% during mid-day trading on Thursday . The company traded as low as $0.5810 and last traded at $0.5948. 89,913 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 258,271 shares. The stock had previously closed at $0.6020.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of BuzzFeed in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $1.00.

BuzzFeed Price Performance

The company has a market cap of $22.39 million, a price-to-earnings ratio of -0.39 and a beta of 3.43. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $0.76 and a two-hundred day moving average price of $1.09.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.75). The business had revenue of $56.53 million for the quarter, compared to analyst estimates of $58.38 million. BuzzFeed had a negative return on equity of 75.23% and a negative net margin of 31.16%.

Institutional Investors Weigh In On BuzzFeed

Several large investors have recently modified their holdings of BZFD. Vanguard Group Inc. boosted 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 valued at $1,661,000 after buying an additional 79,263 shares during the last quarter. Geode Capital Management LLC raised its position in BuzzFeed by 35.8% in the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after purchasing an additional 66,895 shares during the period. Shay Capital LLC grew its holdings in shares of BuzzFeed by 115.1% in the third quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after purchasing an additional 95,879 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in BuzzFeed by 60.8% during 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 period. Finally, State Street Corp raised its stake in BuzzFeed by 18.9% in the fourth quarter. State Street Corp now owns 96,328 shares of the company’s stock worth $90,000 after buying an additional 15,300 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors and hedge funds.

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.