BuzzFeed (NASDAQ:BZFD) Director Janet Rolle Sells 23,907 Shares

Key Points

• Janet Rolle, a director at BuzzFeed, sold 23,907 shares of the company for a total of $47,814, reducing her holdings by 17.83%.
• BuzzFeed reported a loss of ($0.28) earnings per share in its last quarterly earnings, missing estimates, but exceeded revenue expectations with $46.39 million.
• Institutional investors have recently increased their positions in BuzzFeed significantly, with R Squared Ltd boosting its holdings by 222.2% in the first quarter.

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) Director Janet Rolle sold 23,907 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $2.00, for a total value of $47,814.00. Following the completion of the sale, the director directly owned 110,213 shares in the company, valued at approximately $220,426. The trade was a 17.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BuzzFeed Price Performance

BZFD stock traded down $0.01 on Wednesday, reaching $1.85. The company had a trading volume of 247,176 shares, compared to its average volume of 342,708. The company's fifty day moving average is $2.09 and its 200 day moving average is $2.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $68.52 million, a P/E ratio of 7.40 and a beta of 3.45. BuzzFeed, Inc. has a 1 year low of $1.61 and a 1 year high of $5.68.

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

Institutional Investors Weigh In On BuzzFeed

Large investors have recently made changes to their positions in the company. R Squared Ltd boosted its holdings in shares of BuzzFeed by 222.2% in the first quarter. R Squared Ltd now owns 15,080 shares of the company's stock valued at $32,000 after acquiring an additional 10,400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BuzzFeed in the 2nd quarter valued at approximately $33,000. EWA LLC purchased a new stake in shares of BuzzFeed in the 1st quarter valued at approximately $36,000. Focus Partners Wealth purchased a new stake in shares of BuzzFeed in the 4th quarter valued at approximately $37,000. Finally, XTX Topco Ltd purchased a new stake in shares of BuzzFeed in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 37.64% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BZFD. Wall Street Zen raised shares of BuzzFeed from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Craig Hallum raised shares of BuzzFeed to a "strong-buy" rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

BuzzFeed Company Profile

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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