Insider Selling: BuzzFeed (NASDAQ:BZFD) Director Sells 56,378 Shares of Stock

Key Points

• Angela Acharia, a director at BuzzFeed, sold 56,378 shares at an average price of $2.01, reducing her stake in the company by 82.61% to 11,870 shares.
• The company's stock, which is currently trading down 1.1% at $1.86, has a market capitalization of approximately $68.89 million and a PE ratio of 7.44.
• BuzzFeed reported a loss of ($0.28) EPS for the last quarter, missing expectations, while revenue was higher than expected at $46.39 million.

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) Director Angela Acharia sold 56,378 shares of BuzzFeed stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $2.01, for a total value of $113,319.78. Following the completion of the transaction, the director owned 11,870 shares of the company's stock, valued at approximately $23,858.70. The trade was a 82.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Angela Acharia also recently made the following trade(s):

• On Monday, September 8th, Angela Acharia sold 25,000 shares of BuzzFeed stock. The stock was sold at an average price of $1.94, for a total value of $48,500.00.
• On Friday, September 5th, Angela Acharia sold 1,285 shares of BuzzFeed stock. The stock was sold at an average price of $1.87, for a total value of $2,402.95.
• On Thursday, September 4th, Angela Acharia sold 100 shares of BuzzFeed stock. The stock was sold at an average price of $1.88, for a total value of $188.00.
• On Wednesday, September 3rd, Angela Acharia sold 67,985 shares of BuzzFeed stock. The stock was sold at an average price of $1.88, for a total value of $127,811.80.

BuzzFeed Stock Performance

Shares of BZFD traded down $0.07 during mid-day trading on Friday, hitting $1.85. The stock had a trading volume of 261,967 shares, compared to its average volume of 250,421. The company has a market cap of $68.52 million, a PE ratio of 7.40 and a beta of 3.45. The company's fifty day simple moving average is $2.07 and its two-hundred day simple moving average is $2.03. 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, Inc. has a fifty-two week low of $1.61 and a fifty-two week high of $5.68.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.05). BuzzFeed had a net margin of 4.75% and a negative return on equity of 28.11%. The company had revenue of $46.39 million for the quarter, compared to analyst estimates of $39.43 million. BuzzFeed has set its FY 2025 guidance at EPS.

Institutional Trading of BuzzFeed

Large investors have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new stake in BuzzFeed during the 4th quarter valued at approximately $391,000. Millennium Management LLC bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $289,000. Squarepoint Ops LLC bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $198,000. Focus Partners Wealth bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $37,000. Finally, EWA LLC acquired a new position in shares of BuzzFeed in the 1st quarter worth approximately $36,000. Institutional investors own 37.64% of the company's stock.

Analyst Ratings Changes

BZFD has been the topic of a number of research analyst reports. Craig Hallum raised BuzzFeed to a "strong-buy" rating in a report on Tuesday, June 10th. Wall Street Zen raised BuzzFeed from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, BuzzFeed currently has a consensus rating of "Strong Buy".

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.