BuzzFeed (NASDAQ:BZFD) Director Chris Malone Acquires 17,361 Shares

BuzzFeed, Inc. (NASDAQ:BZFD) Director Chris Malone purchased 17,361 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of $1.44 per share, for a total transaction of $24,999.84. Following the completion of the transaction, the director owned 17,361 shares of the company’s stock, valued at approximately $24,999.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

BuzzFeed Trading Down 5.3%

Shares of BuzzFeed stock opened at $1.42 on Tuesday. The company’s 50-day moving average price is $1.22 and its 200-day moving average price is $0.97. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.77. BuzzFeed, Inc. has a 12-month low of $0.54 and a 12-month high of $2.68. The company has a market cap of $53.45 million, a price-to-earnings ratio of -0.89 and a beta of 3.74.

BuzzFeed (NASDAQ:BZFD) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.13). The firm had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Analysts Set New Price Targets

A number of research firms have recently commented on BZFD. Weiss Ratings upgraded 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 note on Saturday, May 30th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $1.00.

Institutional Investors Weigh In On BuzzFeed

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 79,263 shares during the last quarter. Renaissance Technologies LLC grew its stake in BuzzFeed by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock worth $210,000 after buying an additional 8,700 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 66,895 shares during the last quarter. Shay Capital LLC increased its holdings in shares of BuzzFeed by 115.1% in the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after buying an additional 95,879 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of 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 buying an additional 40,617 shares in the last quarter. 37.64% of the stock is owned by hedge funds and other 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.