BuzzFeed (NASDAQ:BZFD) Announces Earnings Results

BuzzFeed (NASDAQ:BZFD) released its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.13), Zacks reports. BuzzFeed had a negative net margin of 35.83% and a negative return on equity of 113.86%. The company had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $47.64 million.

BuzzFeed Trading Down 39.2%

BZFD traded down $0.36 during trading on Thursday, reaching $0.56. The company had a trading volume of 2,644,260 shares, compared to its average volume of 1,311,653. The stock has a market cap of $46.67 million, a P/E ratio of -0.36 and a beta of 4.02. The business has a 50 day simple moving average of $1.07 and a 200-day simple moving average of $1.06. BuzzFeed has a 52 week low of $0.54 and a 52 week high of $2.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BZFD shares. Wall Street Zen raised BuzzFeed from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of BuzzFeed in a research report on Monday, August 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $1.00.

BuzzFeed Company Profile

BuzzFeed, Inc (NASDAQ: BZFD) is a digital media company that develops and distributes news, entertainment, lifestyle and cultural content. Its content is published through websites, social media platforms, video services, newsletters and other digital channels, and is supported by advertising, content licensing, affiliate commerce and other commercial partnerships.

The company’s portfolio includes the BuzzFeed brand, HuffPost and Tasty. BuzzFeed produces editorial articles, quizzes, videos and social content, while HuffPost focuses on news, opinion, lifestyle and culture.