Eric Gould Buys 33,000 Shares of BuzzFeed (NASDAQ:BZFD) Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Eric Gould purchased 33,000 shares of the company’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 $47,520.00. Following the transaction, the director directly owned 33,000 shares in the company, valued at approximately $47,520. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BuzzFeed Stock Performance

BZFD stock opened at $1.53 on Wednesday. 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 business has a 50-day moving average price of $1.23 and a 200 day moving average price of $0.98. The company has a market capitalization of $57.59 million, a P/E ratio of -0.96 and a beta of 3.75. BuzzFeed, Inc. has a 1-year low of $0.54 and a 1-year high of $2.68.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.13). The business had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative return on equity of 97.22% and a negative net margin of 33.26%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BZFD. Wall Street Zen downgraded shares of BuzzFeed to a “strong sell” rating in a research note on Saturday, May 30th. Weiss Ratings upgraded BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. 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, BuzzFeed has a consensus rating of “Reduce” and a consensus target price of $1.00.

Institutional Investors Weigh In On BuzzFeed

A number of large investors have recently modified their holdings of BZFD. Blair William & Co. IL purchased a new position in shares of BuzzFeed in the 3rd quarter valued at approximately $29,000. Raymond James Financial Inc. purchased a new stake in BuzzFeed during the 2nd quarter worth approximately $33,000. XTX Topco Ltd acquired a new position in BuzzFeed during the 2nd quarter valued at approximately $37,000. Bank of America Corp DE increased its stake 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 valued at $38,000 after purchasing an additional 13,312 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of BuzzFeed by 259.0% in the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after buying an additional 30,803 shares during the last quarter. Hedge funds and other 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.