BuzzFeed (NASDAQ:BZFD - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.33) EPS for the quarter, Zacks reports. BuzzFeed had a negative return on equity of 33.17% and a negative net margin of 22.51%. BuzzFeed updated its FY 2025 guidance to EPS.
BuzzFeed Trading Up 2.2%
Shares of NASDAQ:BZFD traded up $0.04 during trading on Friday, hitting $1.86. 361,192 shares of the company's stock were exchanged, compared to its average volume of 962,479. The firm has a market cap of $71.66 million, a P/E ratio of -1.28 and a beta of 3.59. The firm has a 50-day moving average price of $1.95 and a two-hundred day moving average price of $2.61. BuzzFeed has a 1-year low of $1.61 and a 1-year high of $5.68.
Insider Activity at BuzzFeed
In other news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total value of $26,576.55. Following the transaction, the insider now directly owns 3,764,465 shares in the company, valued at $7,340,706.75. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick J. Kerins sold 61,448 shares of BuzzFeed stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $2.01, for a total value of $123,510.48. Following the sale, the insider now directly owns 3,674,745 shares of the company's stock, valued at approximately $7,386,237.45. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,642 shares of company stock worth $176,430 over the last ninety days. Company insiders own 19.21% of the company's stock.
Hedge Funds Weigh In On BuzzFeed
An institutional investor recently raised its position in BuzzFeed stock. Bank of America Corp DE grew its stake in BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) by 1,615.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,136 shares of the company's stock after acquiring an additional 13,312 shares during the quarter. Bank of America Corp DE's holdings in BuzzFeed were worth $38,000 at the end of the most recent quarter. Institutional investors own 37.64% of the company's stock.
BuzzFeed Company Profile
(
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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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