BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) Director Janet L. Rolle sold 24,474 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $2.11, for a total value of $51,640.14. Following the sale, the director now directly owns 122,223 shares of the company's stock, valued at $257,890.53. The trade was a 16.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
BuzzFeed Stock Performance
Shares of NASDAQ:BZFD remained flat at $2.06 during midday trading on Friday. The stock had a trading volume of 208,390 shares, compared to its average volume of 611,877. The firm has a market cap of $79.36 million, a P/E ratio of 6.24 and a beta of 3.54. BuzzFeed, Inc. has a 52-week low of $1.61 and a 52-week high of $5.68. The business has a 50-day simple moving average of $1.98 and a two-hundred day simple moving average of $2.39.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.33) earnings per share for the quarter. BuzzFeed had a negative return on equity of 24.44% and a net margin of 6.37%.
Analyst Ratings Changes
Separately, Craig Hallum upgraded BuzzFeed to a "strong-buy" rating in a research note on Tuesday, June 10th.
View Our Latest Research Report on BZFD
Institutional Investors Weigh In On BuzzFeed
Several institutional investors have recently bought and sold shares of the company. R Squared Ltd boosted its position in shares of BuzzFeed by 222.2% during the 1st quarter. R Squared Ltd now owns 15,080 shares of the company's stock worth $32,000 after purchasing an additional 10,400 shares during the period. EWA LLC acquired a new stake in BuzzFeed in the first quarter valued at about $36,000. Focus Partners Wealth acquired a new stake in shares of BuzzFeed in the fourth quarter valued at about $37,000. Bank of America Corp DE raised its position in shares of BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company's stock worth $38,000 after purchasing an additional 13,312 shares during the last quarter. Finally, Naviter Wealth LLC purchased a new position in shares of BuzzFeed during the 1st quarter worth $40,000. 37.64% of the stock is currently owned by institutional investors and hedge funds.
About BuzzFeed
(
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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.
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