BuzzFeed (NASDAQ:BZFD) Trading Down 2.1% – Should You Sell?

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) fell 2.1% on Tuesday . The stock traded as low as $1.37 and last traded at $1.38. 219,979 shares were traded during trading, a decline of 75% from the average daily volume of 868,065 shares. The stock had previously closed at $1.41.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of 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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BuzzFeed currently has an average rating of “Reduce” and an average target price of $1.00.

BuzzFeed Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.77. The stock has a market cap of $52.32 million, a PE ratio of -0.87 and a beta of 3.76. The company has a fifty day moving average of $1.47 and a 200-day moving average of $1.03.

BuzzFeed (NASDAQ:BZFD) last announced its earnings results on Monday, May 11th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.13). The firm had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Insider Activity

In other BuzzFeed news, Director Terence Hill bought 20,833 shares of BuzzFeed stock in a transaction on Wednesday, June 17th. The shares were bought at an average cost of $1.44 per share, for a total transaction of $29,999.52. Following the acquisition, the director directly owned 20,833 shares in the company, valued at $29,999.52. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Gould purchased 33,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average cost of $1.44 per share, with a total value of $47,520.00. Following the transaction, the director directly owned 33,000 shares in the company, valued at $47,520. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 88,194 shares of company stock worth $126,999 in the last three months. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL acquired a new stake in BuzzFeed in the 3rd quarter valued at about $29,000. Raymond James Financial Inc. acquired a new position in shares of BuzzFeed during the second quarter worth about $33,000. XTX Topco Ltd purchased a new stake in shares of BuzzFeed during the second quarter worth approximately $37,000. Bank of America Corp DE increased its stake in shares of BuzzFeed by 1,615.5% during the fourth 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 period. Finally, Squarepoint Ops LLC increased its stake 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 buying an additional 30,803 shares during the period. 37.64% of the stock is owned by institutional investors and hedge funds.

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.