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

BuzzFeed, Inc. (NASDAQ:BZFD) Director Eric Gould purchased 33,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were purchased 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 of the company’s stock, valued at approximately $47,520. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BuzzFeed Trading Down 5.3%

Shares of BZFD stock traded down $0.08 during mid-day trading on Monday, hitting $1.42. The company’s stock had a trading volume of 765,075 shares, compared to its average volume of 1,960,745. The company’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $0.97. BuzzFeed, Inc. has a 52 week low of $0.54 and a 52 week high of $2.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $53.45 million, a PE ratio of -0.89 and a beta of 3.74.

BuzzFeed (NASDAQ:BZFD) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.40) earnings per share (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 business had revenue of $31.57 million during the quarter, compared to analyst estimates of $35.08 million.

Institutional Trading of BuzzFeed

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in BuzzFeed by 2.6% during the 1st quarter. Renaissance Technologies LLC now owns 344,354 shares of the company’s stock worth $210,000 after buying an additional 8,700 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of BuzzFeed by 60.8% during the fourth quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock valued at $100,000 after acquiring an additional 40,617 shares in the last quarter. State Street Corp increased its holdings in shares of BuzzFeed by 18.9% during the fourth quarter. State Street Corp now owns 96,328 shares of the company’s stock valued at $90,000 after acquiring an additional 15,300 shares in the last quarter. Shay Capital LLC raised its position in shares of 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. Finally, Squarepoint Ops LLC raised its position in shares of BuzzFeed by 259.0% during the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after purchasing an additional 30,803 shares during the period. 37.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BZFD shares. Wall Street Zen cut BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. Weiss Ratings upgraded shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price 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.