BuzzFeed (NASDAQ:BZFD – Get Free Report) released its earnings results on Wednesday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13), Zacks reports. BuzzFeed had a negative return on equity of 113.86% and a negative net margin of 35.83%. The business had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $47.64 million.
BuzzFeed Trading Down 39.2%
BZFD traded down $0.36 during trading on Thursday, hitting $0.56. 2,644,260 shares of the stock were exchanged, compared to its average volume of 1,311,653. The firm has a 50 day simple moving average of $1.07 and a 200 day simple moving average of $1.06. The firm has a market cap of $46.67 million, a price-to-earnings ratio of -0.36 and a beta of 4.02. BuzzFeed has a 1 year low of $0.54 and a 1 year high of $2.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.01.
Analyst Ratings Changes
A number of analysts have recently issued reports on BZFD shares. Wall Street Zen raised shares of BuzzFeed from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BuzzFeed in a research note on Monday, August 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $1.00.
Get Our Latest Research Report on BuzzFeed
BuzzFeed Company Profile
BuzzFeed, Inc (NASDAQ: BZFD) is a digital media company that develops and distributes news, entertainment, lifestyle and cultural content. Its content is published through websites, social media platforms, video services, newsletters and other digital channels, and is supported by advertising, content licensing, affiliate commerce and other commercial partnerships.
The company’s portfolio includes the BuzzFeed brand, HuffPost and Tasty. BuzzFeed produces editorial articles, quizzes, videos and social content, while HuffPost focuses on news, opinion, lifestyle and culture.
Featured Stories
- Five stocks we like better than BuzzFeed
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for BuzzFeed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BuzzFeed and related companies with MarketBeat.com's FREE daily email newsletter.
