BuzzFeed Target of Unusually High Options Trading (NASDAQ:BZFD)

BuzzFeed, Inc. (NASDAQ:BZFD) saw unusually large options trading on Tuesday. Stock traders acquired 4,855 call options on the stock. This represents an increase of 425% compared to the average volume of 925 call options.

Insider Activity

In other BuzzFeed news, Director Eric Gould bought 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Terence Hill bought 20,833 shares of BuzzFeed stock in a transaction on Wednesday, June 17th. The shares were acquired at an average cost of $1.44 per share, for a total transaction of $29,999.52. Following the completion of the acquisition, the director directly owned 20,833 shares in the company, valued at approximately $29,999.52. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 88,194 shares of company stock worth $126,999. Company insiders own 15.60% of the company’s stock.

Institutional Trading of BuzzFeed

A number of large investors have recently bought and sold shares of BZFD. Panagora Asset Management Inc. raised 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 acquiring an additional 40,617 shares in the last quarter. State Street Corp boosted its position in shares of BuzzFeed by 18.9% during the 4th quarter. State Street Corp now owns 96,328 shares of the company’s stock valued at $90,000 after purchasing an additional 15,300 shares in the last quarter. Shay Capital LLC grew its stake in 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 purchasing an additional 95,879 shares during the period. Vanguard Group Inc. grew 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 purchasing an additional 79,263 shares during the period. Finally, Geode Capital Management LLC increased its holdings in BuzzFeed by 35.8% in the second 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 in the last quarter. 37.64% of the stock is currently owned by institutional investors and hedge funds.

BuzzFeed Trading Up 10.9%

BuzzFeed stock traded up $0.15 during mid-day trading on Tuesday, hitting $1.57. 1,140,891 shares of the stock were exchanged, compared to its average volume of 1,955,767. The stock has a market capitalization of $59.28 million, a price-to-earnings ratio of -0.99 and a beta of 3.74. BuzzFeed has a 12 month low of $0.54 and a 12 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 firm’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $0.97.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates 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

Several analysts recently weighed in on BZFD shares. Wall Street Zen cut shares of BuzzFeed to a “strong sell” rating in a research note on Saturday, May 30th. Weiss Ratings raised 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target 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.