Insider Buying: BuzzFeed (NASDAQ:BZFD) Director Purchases $24,480.00 in Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Sydnie Karras purchased 17,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $1.44 per share, with a total value of $24,480.00. Following the transaction, the director directly owned 17,000 shares of the company’s stock, valued at approximately $24,480. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BuzzFeed Stock Down 5.2%

BZFD stock opened at $1.45 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.77. BuzzFeed, Inc. has a fifty-two week low of $0.54 and a fifty-two week high of $2.68. The firm’s 50-day simple moving average is $1.25 and its 200 day simple moving average is $0.98. The stock has a market cap of $54.58 million, a PE ratio of -0.91 and a beta of 3.75.

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

Wall Street Analyst Weigh In

BZFD has been the topic of a number of recent analyst reports. Wall Street Zen cut BuzzFeed to a “strong sell” rating in a report 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 research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $1.00.

Institutional Investors Weigh In On BuzzFeed

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in BuzzFeed by 2.6% in the first quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock worth $210,000 after purchasing an additional 8,700 shares during the period. 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 buying an additional 13,312 shares during the period. State Street Corp raised 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 worth $90,000 after buying an additional 15,300 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BuzzFeed during the 2nd quarter worth about $33,000. Finally, Blair William & Co. IL bought a new stake in shares of BuzzFeed during the 3rd quarter worth about $29,000. 37.64% of the stock is currently owned by institutional investors.

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.