BuzzFeed (NASDAQ:BZFD) Director Terence Hill Purchases 20,833 Shares of Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Terence Hill purchased 20,833 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of $1.44 per share, with a total value of $29,999.52. Following the completion of the purchase, the director directly owned 20,833 shares in the company, valued at $29,999.52. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BuzzFeed Trading Down 5.3%

Shares of BZFD stock opened at $1.42 on Tuesday. The firm has a market capitalization of $53.45 million, a P/E ratio of -0.89 and a beta of 3.74. BuzzFeed, Inc. has a twelve month low of $0.54 and a twelve month high of $2.68. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $1.22 and its 200 day simple moving average is $0.97.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of BuzzFeed

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shay Capital LLC lifted its position 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 purchasing an additional 95,879 shares during the period. Vanguard Group Inc. raised its stake in BuzzFeed by 8.8% during the third quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after buying an additional 79,263 shares during the last quarter. Geode Capital Management LLC raised its stake in BuzzFeed by 35.8% during the second 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. Panagora Asset Management Inc. lifted its holdings in BuzzFeed by 60.8% in the fourth 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 during the period. Finally, Squarepoint Ops LLC lifted its holdings in BuzzFeed by 259.0% in the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after buying an additional 30,803 shares during the period. Institutional investors and hedge funds own 37.64% of the company’s stock.

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.