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

BuzzFeed, Inc. (NASDAQ:BZFD) Director Terence Hill bought 20,833 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $1.44 per share, with a total value of $29,999.52. Following the purchase, the director owned 20,833 shares in the company, valued at $29,999.52. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BuzzFeed Price Performance

BZFD stock traded down $0.08 during mid-day trading on Monday, reaching $1.42. 765,075 shares of the company traded hands, compared to its average volume of 1,960,745. The company has a fifty day moving average price of $1.20 and a 200-day moving average price of $0.97. BuzzFeed, Inc. has a 52-week low of $0.54 and a 52-week high of $2.68. The company has a market capitalization of $53.45 million, a P/E ratio of -0.89 and a beta of 3.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on BZFD shares. Wall Street Zen downgraded shares of BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. Weiss Ratings raised shares of BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $1.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blair William & Co. IL bought a new stake in BuzzFeed during the third quarter valued at approximately $29,000. Raymond James Financial Inc. purchased a new position in BuzzFeed in the 2nd quarter worth approximately $33,000. XTX Topco Ltd bought a new position in shares of BuzzFeed in the 2nd quarter worth $37,000. Bank of America Corp DE increased its holdings in shares of BuzzFeed by 1,615.5% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after buying an additional 13,312 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of BuzzFeed by 259.0% during the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after buying an additional 30,803 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors.

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.