Terence Hill Purchases 20,833 Shares of BuzzFeed (NASDAQ:BZFD) Stock

BuzzFeed, Inc. (NASDAQ:BZFD) Director Terence Hill purchased 20,833 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $1.44 per share, for a total transaction of $29,999.52. Following the completion of the transaction, the director directly owned 20,833 shares of the company’s stock, valued at approximately $29,999.52. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BuzzFeed Trading Up 7.7%

Shares of BuzzFeed stock opened at $1.53 on Wednesday. BuzzFeed, Inc. has a 1-year low of $0.54 and a 1-year high of $2.68. The company’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $0.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $57.59 million, a PE ratio of -0.96 and a beta of 3.75.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data 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 return on equity of 97.22% and a negative net margin of 33.26%.The company had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BZFD shares. Weiss Ratings raised BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered shares of BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. 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 stock has a consensus rating of “Reduce” and an average target price of $1.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BZFD. Blair William & Co. IL bought a new position in BuzzFeed in the 3rd quarter worth $29,000. Raymond James Financial Inc. bought a new stake in BuzzFeed during the second quarter valued at about $33,000. XTX Topco Ltd bought a new stake in BuzzFeed during the second quarter valued at about $37,000. Bank of America Corp DE lifted 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 acquiring an additional 13,312 shares in the last quarter. Finally, Squarepoint Ops LLC lifted 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 acquiring an additional 30,803 shares in the last quarter. Hedge funds and other institutional investors own 37.64% of the company’s stock.

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.