BuzzFeed (NASDAQ:BZFD) Shares Up 3.1% - Should You Buy?

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report)'s share price traded up 3.1% during trading on Monday . The company traded as high as $1.69 and last traded at $1.66. 125,284 shares changed hands during trading, a decline of 46% from the average session volume of 233,155 shares. The stock had previously closed at $1.61.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BZFD. Weiss Ratings reissued a "sell (d+)" rating on shares of BuzzFeed in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of BuzzFeed from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One research 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.com, the stock has an average rating of "Moderate Buy".

BuzzFeed Trading Up 3.1%

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $61.48 million, a P/E ratio of 6.64 and a beta of 3.40. The company has a fifty day simple moving average of $1.84 and a two-hundred day simple moving average of $1.97.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced 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 negative return on equity of 28.11% and a net margin of 4.75%.The business had revenue of $46.39 million during the quarter, compared to the consensus estimate of $39.43 million. BuzzFeed has set its FY 2025 guidance at EPS.

Insider Activity at BuzzFeed

In other BuzzFeed news, Director Angela Acharia sold 67,985 shares of BuzzFeed stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $1.88, for a total value of $127,811.80. Following the transaction, the director owned 94,633 shares of the company's stock, valued at approximately $177,910.04. The trade was a 41.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Adam Rothstein sold 150,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $2.00, for a total transaction of $300,000.00. Following the sale, the director directly owned 723,045 shares of the company's stock, valued at $1,446,090. This represents a 17.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 374,655 shares of company stock worth $762,537. Corporate insiders own 19.21% of the company's stock.

Hedge Funds Weigh In On BuzzFeed

A number of large investors have recently added to or reduced their stakes in BZFD. R Squared Ltd lifted 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 purchasing an additional 10,400 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BuzzFeed in the 2nd quarter valued at approximately $33,000. XTX Topco Ltd acquired a new stake in BuzzFeed in the 2nd quarter valued at approximately $37,000. Bank of America Corp DE lifted its stake in BuzzFeed by 1,615.5% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company's stock valued at $38,000 after acquiring an additional 13,312 shares in the last quarter. Finally, Naviter Wealth LLC acquired a new position in BuzzFeed during the 1st quarter worth approximately $40,000. Institutional investors own 37.64% of the company's stock.

About BuzzFeed

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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