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

BuzzFeed, Inc. (NASDAQ:BZFD) Director Eric Gould bought 33,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $1.44 per share, for a total transaction of $47,520.00. Following the purchase, the director owned 33,000 shares of the company’s stock, valued at $47,520. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

BuzzFeed Stock Performance

BZFD traded down $0.08 during 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 company has a 50 day moving average price of $1.20 and a 200-day moving average price of $0.97. 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 one year low of $0.54 and a one year high of $2.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78.

BuzzFeed (NASDAQ:BZFD) last released its quarterly 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 business had revenue of $31.57 million during the quarter, compared to analyst estimates of $35.08 million.

Institutional Investors Weigh In On BuzzFeed

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shay Capital LLC raised its position in shares of BuzzFeed by 115.1% during the third quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after acquiring an additional 95,879 shares during the last quarter. Vanguard Group Inc. raised its holdings in BuzzFeed by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after purchasing an additional 79,263 shares during the last quarter. Geode Capital Management LLC raised its holdings in BuzzFeed by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after purchasing an additional 66,895 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of BuzzFeed by 60.8% in the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock worth $100,000 after purchasing an additional 40,617 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of BuzzFeed by 259.0% in the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after purchasing an additional 30,803 shares during the period. 37.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.