BuzzFeed (NASDAQ:BZFD) Director Janet L. 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 L. Rolle sold 23,907 shares of BuzzFeed stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $2.00, for a total transaction of $47,814.00. Following 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 document filed with the SEC, which is accessible through the SEC website.

BuzzFeed Trading Down 3.6%

Shares of BuzzFeed stock traded down $0.07 during trading hours on Friday, hitting $1.85. The company's stock had a trading volume of 261,967 shares, compared to its average volume of 250,771. The stock has a market cap of $68.52 million, a price-to-earnings ratio of 7.40 and a beta of 3.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.23 and a current ratio of 1.23. BuzzFeed, Inc. has a twelve month low of $1.61 and a twelve month high of $5.68. The firm has a fifty day moving average of $2.07 and a 200-day moving average of $2.03.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last posted its 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). 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 during the quarter, compared to analyst estimates of $39.43 million. BuzzFeed has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On BuzzFeed

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of BuzzFeed during the second quarter worth approximately $33,000. Panagora Asset Management Inc. acquired a new stake in BuzzFeed during the 2nd quarter worth $77,000. XTX Topco Ltd acquired a new stake in BuzzFeed during the 2nd quarter worth $37,000. Geode Capital Management LLC grew its position in BuzzFeed by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company's stock worth $508,000 after purchasing an additional 66,895 shares during the last quarter. Finally, R Squared Ltd increased its stake in 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 purchasing an additional 10,400 shares during the period. 37.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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