BuzzFeed (NASDAQ:BZFD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BuzzFeed (NASDAQ:BZFD) from a strong sell rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings raised shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $1.00.

BuzzFeed Price Performance

NASDAQ 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 fifty day moving average of $1.33 and a two-hundred day moving average of $1.07. The firm has a market capitalization of $92.50 million, a price-to-earnings ratio of -0.72 and a beta of 3.78. BuzzFeed has a 52 week low of $0.54 and a 52 week high of $2.21.

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

Insider Buying and Selling at BuzzFeed

In related news, Director Terence Hill purchased 20,833 shares of the business’s stock in a transaction dated 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 acquisition, the director owned 20,833 shares in the company, valued at approximately $29,999.52. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eric Gould purchased 33,000 shares of BuzzFeed stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $1.44 per share, for a total transaction of $47,520.00. Following the purchase, the director directly owned 33,000 shares in the company, valued at $47,520. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 88,194 shares of company stock valued at $126,999. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On BuzzFeed

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 acquiring an additional 8,700 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of BuzzFeed by 1,615.5% in the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock valued at $38,000 after purchasing an additional 13,312 shares during the period. State Street Corp grew 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 purchasing an additional 15,300 shares in the last quarter. Raymond James Financial Inc. bought a new position in BuzzFeed in the second quarter worth approximately $33,000. Finally, Blair William & Co. IL purchased a new position in BuzzFeed during the 3rd quarter worth $29,000. Institutional investors own 37.64% of the company’s stock.

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.