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

BuzzFeed, Inc. (NASDAQ:BZFD) Director Eric Gould acquired 33,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of $1.44 per share, with a total value of $47,520.00. Following the transaction, the director owned 33,000 shares in the company, valued at approximately $47,520. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

BuzzFeed Stock Performance

Shares of NASDAQ BZFD opened at $1.42 on Tuesday. 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 50-day moving average price is $1.22 and its two-hundred day moving average price is $0.97. BuzzFeed, Inc. has a 52-week low of $0.54 and a 52-week high of $2.68. The stock has a market capitalization of $53.45 million, a P/E ratio of -0.89 and a beta of 3.74.

BuzzFeed (NASDAQ:BZFD) last issued its earnings results on Monday, May 11th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.13). The company 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%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BZFD. Bank of America Corp DE raised its holdings in shares of BuzzFeed by 1,615.5% during 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. Raymond James Financial Inc. acquired a new position in shares of BuzzFeed during the second quarter worth approximately $33,000. Blair William & Co. IL bought a new position in BuzzFeed in the 3rd quarter worth approximately $29,000. XTX Topco Ltd bought a new position in BuzzFeed in the 2nd quarter worth approximately $37,000. Finally, Squarepoint Ops LLC increased its position in BuzzFeed by 259.0% in the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after acquiring an additional 30,803 shares during the period. Institutional investors own 37.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen downgraded 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 research note on Wednesday, May 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BuzzFeed currently has a consensus rating of “Reduce” and an average price target 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.