BuzzFeed (NASDAQ:BZFD) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has restated BuzzFeed's stock rating to "Sell (D+)," while other firms have given it varying ratings, leading to an average rating of "Moderate Buy."
• BuzzFeed's stock is currently trading at $1.72 with a market capitalization of $63.71 million, but has experienced significant volatility, with a fifty-two week low of $1.61 and a high of $5.68.
• In recent insider activities, several directors sold a substantial number of shares, indicating a 17.83% decrease in ownership by Director Janet L. Rolle and a noteworthy insider selling trend overall.

BuzzFeed (NASDAQ:BZFD - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on BZFD. Wall Street Zen raised BuzzFeed from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Craig Hallum raised BuzzFeed to a "strong-buy" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

BuzzFeed Stock Performance

Shares of NASDAQ:BZFD traded up $0.06 during midday trading on Wednesday, hitting $1.72. The company's stock had a trading volume of 240,143 shares, compared to its average volume of 334,622. The stock has a market capitalization of $63.71 million, a price-to-earnings ratio of 6.88 and a beta of 3.40. The stock's 50 day simple moving average is $1.92 and its 200 day simple moving average is $2.00. BuzzFeed has a fifty-two week low of $1.61 and a fifty-two week high of $5.68. 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 (NASDAQ:BZFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.28) earnings per share (EPS) 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 business 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.

Insider Activity

In other BuzzFeed news, Director Janet L. Rolle sold 23,907 shares of the firm'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 transaction of $47,814.00. Following the completion of the sale, the director directly owned 110,213 shares in the company, valued at $220,426. This trade represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder John S. Johnson III sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the sale, the insider owned 1,041,195 shares of the company's stock, valued at $2,550,927.75. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 374,655 shares of company stock valued at $762,537. Company insiders own 20.31% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd grew its stake in shares of BuzzFeed by 222.2% during the first quarter. R Squared Ltd now owns 15,080 shares of the company's stock worth $32,000 after buying an additional 10,400 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BuzzFeed during the second quarter worth $33,000. EWA LLC bought a new stake in shares of BuzzFeed during the first quarter worth $36,000. XTX Topco Ltd bought a new stake in shares of BuzzFeed during the second quarter worth $37,000. Finally, Bank of America Corp DE grew its stake in shares of BuzzFeed by 1,615.5% during the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the company's stock worth $38,000 after buying an additional 13,312 shares during the last quarter. 37.64% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.