BuzzFeed (NASDAQ:BZFD) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of BuzzFeed (NASDAQ:BZFD) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, Craig Hallum upgraded BuzzFeed to a “strong-buy” rating in a research note on Tuesday, June 10th.

BuzzFeed Stock Performance

Shares of BZFD stock opened at $1.97 on Friday. BuzzFeed has a fifty-two week low of $1.61 and a fifty-two week high of $5.68. The company has a market cap of $72.97 million, a PE ratio of 7.88 and a beta of 3.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.23 and a current ratio of 1.23. The stock’s fifty day moving average price is $2.14 and its two-hundred day moving average price is $2.09.

BuzzFeed (NASDAQ:BZFD) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). BuzzFeed had a net margin of 4.75% and a negative return on equity of 28.11%. The firm had revenue of $46.39 million during the quarter, compared to the consensus estimate of $39.43 million.

Insiders Place Their Bets

In other news, major shareholder John S. Johnson III sold 50,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the completion of the transaction, the insider directly owned 1,041,195 shares in the company, valued at approximately $2,550,927.75. This represents a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet L. Rolle sold 24,474 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $2.11, for a total value of $51,640.14. Following the transaction, the director directly owned 122,223 shares of the company’s stock, valued at approximately $257,890.53. This represents a 16.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. R Squared Ltd raised its position in BuzzFeed by 222.2% during the 1st quarter. R Squared Ltd now owns 15,080 shares of the company’s stock worth $32,000 after purchasing an additional 10,400 shares during the last quarter. Bank of America Corp DE raised its position in BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after purchasing an additional 13,312 shares during the last quarter. Focus Partners Wealth bought a new position in BuzzFeed during the 4th quarter worth $37,000. Raymond James Financial Inc. bought a new position in BuzzFeed during the 2nd quarter worth $33,000. Finally, EWA LLC bought a new position in BuzzFeed during the 1st quarter worth $36,000. 37.64% of the stock is owned by institutional investors.

About BuzzFeed

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.