Insider Selling: BuzzFeed (NASDAQ:BZFD) Director Sells 56,378 Shares of Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Angela Acharia sold 56,378 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $2.01, for a total value of $113,319.78. Following the completion of the sale, the director owned 11,870 shares of the company’s stock, valued at approximately $23,858.70. This trade represents a 82.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Angela Acharia also recently made the following trade(s):

• On Monday, September 8th, Angela Acharia sold 25,000 shares of BuzzFeed stock. The shares were sold at an average price of $1.94, for a total value of $48,500.00.
• On Friday, September 5th, Angela Acharia sold 1,285 shares of BuzzFeed stock. The shares were sold at an average price of $1.87, for a total value of $2,402.95.
• On Thursday, September 4th, Angela Acharia sold 100 shares of BuzzFeed stock. The shares were sold at an average price of $1.88, for a total value of $188.00.
• On Wednesday, September 3rd, Angela Acharia sold 67,985 shares of BuzzFeed stock. The stock was sold at an average price of $1.88, for a total value of $127,811.80.

BuzzFeed Trading Down 1.1%

Shares of NASDAQ:BZFD opened at $1.86 on Wednesday. BuzzFeed, Inc. has a 52-week low of $1.61 and a 52-week high of $5.68. The stock has a market cap of $68.89 million, a price-to-earnings ratio of 7.44 and a beta of 3.45. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $2.09 and a 200-day moving average price of $2.03.

BuzzFeed (NASDAQ:BZFD) last posted its earnings results on Thursday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.05). The company had revenue of $46.39 million for the quarter, compared to analyst estimates of $39.43 million. BuzzFeed had a negative return on equity of 28.11% and a net margin of 4.75%. BuzzFeed has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On BuzzFeed

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new stake in BuzzFeed in the fourth quarter valued at $391,000. Millennium Management LLC purchased a new stake in BuzzFeed in the fourth quarter valued at $289,000. Squarepoint Ops LLC purchased a new stake in BuzzFeed in the fourth quarter valued at $198,000. Focus Partners Wealth purchased a new stake in BuzzFeed in the fourth quarter valued at $37,000. Finally, EWA LLC purchased a new stake in shares of BuzzFeed in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 37.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on BZFD shares. Craig Hallum raised BuzzFeed to a “strong-buy” rating in a report on Tuesday, June 10th. Wall Street Zen raised BuzzFeed from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, BuzzFeed presently has a consensus rating of “Strong Buy”.

BuzzFeed Company Profile

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.