BuzzFeed (BZFD) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BuzzFeed in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BZFD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BZFD, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1-year price objectives for BuzzFeed's shares. Their BZFD share price forecasts range from $1.50 to $2.00. On average, they expect the company's stock price to reach $1.88 in the next twelve months. This suggests a possible upside of 189.6% from the stock's current price.
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BuzzFeed's stock was trading at $0.6896 on January 1st, 2023. Since then, BZFD stock has decreased by 6.1% and is now trading at $0.6475.
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BuzzFeed saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,200,000 shares, an increase of 12.6% from the April 30th total of 3,730,000 shares. Based on an average daily volume of 2,090,000 shares, the short-interest ratio is presently 2.0 days. Currently, 11.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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BuzzFeed, Inc. (NASDAQ:BZFD) posted its earnings results on Monday, March, 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.06. The business had revenue of $134.62 million for the quarter. BuzzFeed had a negative trailing twelve-month return on equity of 32.89% and a negative net margin of 46.59%.

BuzzFeed issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $76.00 million-$81.00 million, compared to the consensus revenue estimate of $84.67 million.

BuzzFeed trades on the NASDAQ under the ticker symbol "BZFD."

BuzzFeed's stock is owned by a number of institutional and retail investors. Top institutional investors include GAM Holding AG (0.66%), Cubist Systematic Strategies LLC (0.48%), BlackRock Inc. (0.28%), HRT Financial LP (0.11%), Susquehanna International Group LLP (0.00%) and State Street Corp (0.09%). Insiders that own company stock include Adam Rothstein, Corp Comcast and Gregory Coleman.
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Shares of BZFD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BZFD stock can currently be purchased for approximately $0.65.

BuzzFeed (NASDAQ:BZFD) has a market capitalization of $90.60 million and generates $436.67 million in revenue each year. The company earns $-200,960,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.

The company employs 1,368 workers across the globe.

BuzzFeed's mailing address is 14 ELM PLACE SUITE 206, RYE NY, 10580. The official website for the company is www.890fifthavenue.com. The company can be reached via phone at 646-589-8592 or via email at chris@890fifthavenue.com.