BuzzFeed (NASDAQ:BZFD) Stock Rating Upgraded by Wall Street Zen

Key Points

• BuzzFeed's stock rating has been upgraded from a "sell" to a "hold" by Wall Street Zen, while Craig Hallum has assigned a "strong-buy" rating, reflecting increased analyst confidence in the stock.
• The company's shares opened at $1.86, with a market capitalization of $68.89 million, and a 1-year trading range between $1.61 and $5.68.
• Insider selling activity has been notable, with one director selling nearly 68,000 shares, which indicates a 41.81% decrease in their position.

BuzzFeed (NASDAQ:BZFD - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

Separately, Craig Hallum raised shares of BuzzFeed to a "strong-buy" rating in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

BuzzFeed Trading Up 0.5%

Shares of NASDAQ:BZFD opened at $1.86 on Friday. The stock has a market capitalization of $68.89 million, a price-to-earnings ratio of 7.44 and a beta of 3.45. BuzzFeed has a 1-year low of $1.61 and a 1-year 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. The company has a 50 day moving average price of $2.10 and a 200 day moving average price of $2.05.

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

Insider Buying and Selling

In other BuzzFeed news, Director Angela Acharia sold 67,985 shares of the 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 completion of the sale, the director owned 94,633 shares in the company, valued at $177,910.04. This represents a 41.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet L. Rolle sold 24,474 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $2.11, for a total transaction of $51,640.14. Following the completion of the sale, the director owned 122,223 shares of the company's stock, valued at approximately $257,890.53. The trade was a 16.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,559 shares of company stock valued at $302,140. Company insiders own 19.21% of the company's stock.

Institutional Investors Weigh In On BuzzFeed

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in BuzzFeed by 35.8% in the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company's stock worth $508,000 after buying an additional 66,895 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in BuzzFeed by 1,461.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 251,973 shares of the company's stock worth $673,000 after buying an additional 235,831 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BuzzFeed by 1,006.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 210,909 shares of the company's stock worth $563,000 after buying an additional 191,841 shares in the last quarter. Two Sigma Investments LP purchased a new stake in BuzzFeed in the 4th quarter worth approximately $391,000. Finally, Millennium Management LLC purchased a new stake in BuzzFeed in the 4th quarter worth approximately $289,000. Hedge funds and other institutional investors own 37.64% of the company's stock.

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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