Insider Buying: BuzzFeed (NASDAQ:BZFD) Director Purchases $24,999.84 in Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Chris Malone bought 17,361 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $1.44 per share, with a total value of $24,999.84. Following the transaction, the director directly owned 17,361 shares in the company, valued at approximately $24,999.84. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BuzzFeed Stock Down 5.3%

BZFD stock traded down $0.08 during midday trading on Monday, hitting $1.42. The stock had a trading volume of 765,075 shares, compared to its average volume of 1,960,745. The business has a 50-day moving average of $1.20 and a two-hundred day moving average of $0.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $53.45 million, a price-to-earnings ratio of -0.89 and a beta of 3.74. BuzzFeed, Inc. has a 52-week low of $0.54 and a 52-week high of $2.68.

BuzzFeed (NASDAQ:BZFD) last announced 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%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BZFD. Shay Capital LLC grew its holdings in shares of BuzzFeed by 115.1% during the third quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock valued at $305,000 after buying an additional 95,879 shares during the last quarter. Vanguard Group Inc. raised its holdings in BuzzFeed by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after acquiring an additional 79,263 shares during the last quarter. Geode Capital Management LLC lifted 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 valued at $508,000 after acquiring an additional 66,895 shares in the last quarter. Panagora Asset Management Inc. boosted its stake 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 last quarter. Finally, Squarepoint Ops LLC boosted its stake in BuzzFeed by 259.0% during the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after purchasing an additional 30,803 shares during the last quarter. Institutional investors own 37.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BZFD. Weiss Ratings upgraded shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. Wall Street Zen cut BuzzFeed to a “strong sell” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $1.00.

About BuzzFeed

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.