BuzzFeed (NASDAQ:BZFD) Announces Earnings Results

BuzzFeed (NASDAQ:BZFD) announced its quarterly earnings results on Thursday. The company reported ($0.20) earnings per share for the quarter, FiscalAI reports. BuzzFeed had a net margin of 4.75% and a negative return on equity of 28.11%. The company had revenue of $46.32 million during the quarter. BuzzFeed updated its FY 2025 guidance to EPS.

BuzzFeed Stock Performance

NASDAQ BZFD remained flat at $1.63 during trading hours on Thursday. 960,346 shares of the company’s stock were exchanged, compared to its average volume of 326,888. The stock has a market capitalization of $60.38 million, a PE ratio of 6.52 and a beta of 3.39. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. BuzzFeed has a 12-month low of $1.53 and a 12-month high of $5.68. The stock has a 50 day simple moving average of $1.76 and a 200 day simple moving average of $1.96.

Insider Activity

In other news, Director Adam Rothstein sold 150,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $2.00, for a total transaction of $300,000.00. Following the transaction, the director owned 723,045 shares of the company’s stock, valued at approximately $1,446,090. This trade represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Angela Acharia sold 56,378 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $2.01, for a total value of $113,319.78. Following the completion of the sale, the director directly owned 11,870 shares of the company’s stock, valued at approximately $23,858.70. This represents a 82.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 324,655 shares of company stock worth $640,037. 19.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BuzzFeed

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in BuzzFeed by 35.8% during the second quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after purchasing an additional 66,895 shares during the last quarter. Founders Financial Securities LLC raised its holdings in shares of BuzzFeed by 29.6% during the third quarter. Founders Financial Securities LLC now owns 61,545 shares of the company’s stock worth $105,000 after purchasing an additional 14,045 shares during the period. Panagora Asset Management Inc. bought a new position in shares of BuzzFeed in the 2nd quarter worth about $77,000. XTX Topco Ltd acquired a new position in shares of BuzzFeed in the 2nd quarter valued at about $37,000. Finally, Raymond James Financial Inc. acquired a new stake in BuzzFeed during the second quarter worth about $33,000. 37.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BZFD shares. Weiss Ratings reissued a “sell (d+)” rating on shares of BuzzFeed in a research note on Wednesday, October 8th. Wall Street Zen raised shares of BuzzFeed from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

BuzzFeed Company Profile

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.