BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) shares traded up 3.9% on Monday . The company traded as high as $2.44 and last traded at $2.37. 299,680 shares were traded during trading, a decline of 43% from the average session volume of 528,530 shares. The stock had previously closed at $2.28.
Analyst Upgrades and Downgrades
Separately, Craig Hallum raised shares of BuzzFeed to a "strong-buy" rating in a research report on Tuesday, June 10th.
Get Our Latest Research Report on BuzzFeed
BuzzFeed Stock Down 1.4%
The firm has a market cap of $92.28 million, a price-to-earnings ratio of 7.26 and a beta of 3.46. The stock has a 50 day moving average of $2.13 and a 200 day moving average of $2.17.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.33) earnings per share (EPS) for the quarter. BuzzFeed had a net margin of 6.37% and a negative return on equity of 24.44%.
Insider Buying and Selling
In related news, Director Janet L. Rolle sold 24,474 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $2.11, for a total value of $51,640.14. Following the sale, the director directly owned 122,223 shares in the company, valued at $257,890.53. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.21% of the stock is owned by insiders.
Institutional Trading of BuzzFeed
Several institutional investors have recently added to or reduced their stakes in BZFD. Virtu Financial LLC bought a new position in shares of BuzzFeed during the 4th quarter worth approximately $83,000. Renaissance Technologies LLC lifted its holdings in shares of BuzzFeed by 359.5% in the 4th quarter. Renaissance Technologies LLC now owns 792,318 shares of the company's stock worth $2,115,000 after purchasing an additional 619,892 shares in the last quarter. XTX Topco Ltd bought a new position in shares of BuzzFeed in the 4th quarter worth $114,000. Marshall Wace LLP bought a new position in shares of BuzzFeed in the 4th quarter worth $597,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 191,841 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors.
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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