BuzzFeed (NASDAQ:BZFD) Stock Rating Lowered by Wall Street Zen

BuzzFeed (NASDAQ:BZFD) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings raised shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $1.00.

BuzzFeed Stock Down 3.6%

BZFD stock opened at $1.63 on Friday. The company’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $0.92. The firm has a market capitalization of $61.35 million, a PE ratio of -1.02 and a beta of 3.40. BuzzFeed has a 12 month low of $0.54 and a 12 month 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). The business had revenue of $31.57 million during the quarter, compared to analyst estimates of $35.08 million. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Hedge Funds Weigh In On BuzzFeed

Institutional investors have recently modified their holdings of the company. Blair William & Co. IL acquired a new position in shares of BuzzFeed in the third quarter valued at approximately $29,000. Raymond James Financial Inc. acquired a new position in shares of BuzzFeed in the second quarter valued at approximately $33,000. XTX Topco Ltd acquired a new position in shares of BuzzFeed in the second quarter valued at approximately $37,000. Bank of America Corp DE raised its position in shares of BuzzFeed by 1,615.5% in the fourth 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 last quarter. Finally, Squarepoint Ops LLC raised its position in shares of BuzzFeed by 259.0% in the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after buying an additional 30,803 shares during the last quarter. Institutional investors and hedge funds 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.