BuzzFeed (NASDAQ:BZFD) Releases Quarterly Earnings Results

BuzzFeed (NASDAQ:BZFD) posted its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%. BuzzFeed updated its FY 2025 guidance to EPS.

BuzzFeed Trading Down 0.5 %

Shares of BuzzFeed stock traded down $0.01 on Thursday, hitting $1.96. 624,344 shares of the company traded hands, compared to its average volume of 445,424. The stock’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.81. BuzzFeed has a 52 week low of $1.26 and a 52 week high of $5.68. The company has a market cap of $74.48 million, a PE ratio of -1.35 and a beta of 3.73.

Insider Activity

In related news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1.95, for a total value of $26,576.55. Following the completion of the transaction, the insider now owns 3,764,465 shares of the company’s stock, valued at $7,340,706.75. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 26,194 shares of company stock valued at $52,920. Corporate insiders own 20.31% of the company’s stock.

Hedge Funds Weigh In On BuzzFeed

A hedge fund recently raised its stake in BuzzFeed stock. Bank of America Corp DE increased its holdings in BuzzFeed, Inc. (NASDAQ:BZFD) by 1,615.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,136 shares of the company’s stock after buying an additional 13,312 shares during the period. Bank of America Corp DE’s holdings in BuzzFeed were worth $38,000 as of its most recent filing with the Securities & Exchange Commission. 37.64% of the stock is owned by institutional investors.

About BuzzFeed

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.