BuzzFeed (NASDAQ:BZFD) Stock Rating Upgraded by Zacks Investment Research

BuzzFeed (NASDAQ:BZFDGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “BuzzFeed Inc. is a tech-powered diversified media company. It produces articles, lists, quizzes, videos, and original series, lifestyle content. BuzzFeed Inc., formerly known as 890 5th Avenue Partners Inc., is based in NEW YORK. “

BZFD has been the topic of a number of other research reports. Bank of America assumed coverage on shares of BuzzFeed in a report on Friday, February 4th. They issued a “neutral” rating and a $5.00 target price on the stock. Cowen assumed coverage on shares of BuzzFeed in a report on Monday, January 10th. They issued an “outperform” rating and a $7.00 target price on the stock. Finally, Craig Hallum assumed coverage on shares of BuzzFeed in a report on Wednesday, January 12th. They issued a “buy” rating and a $7.50 target price on the stock.

Shares of BZFD stock traded down $0.08 during trading hours on Tuesday, hitting $4.88. 161,336 shares of the company were exchanged, compared to its average volume of 157,151. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.67 and a current ratio of 2.67. BuzzFeed has a one year low of $3.62 and a one year high of $14.77. The firm has a 50-day moving average price of $4.74.

Several large investors have recently made changes to their positions in the business. Sciencast Management LP acquired a new stake in shares of BuzzFeed in the first quarter valued at approximately $88,000. Penserra Capital Management LLC acquired a new position in shares of BuzzFeed during the fourth quarter valued at approximately $33,000. Softbank Group Corp acquired a new position in shares of BuzzFeed during the fourth quarter valued at approximately $25,995,000. Alliancebernstein L.P. acquired a new position in shares of BuzzFeed during the fourth quarter valued at approximately $1,031,000. Finally, State Street Corp acquired a new position in shares of BuzzFeed during the fourth quarter valued at approximately $73,000.

About BuzzFeed (Get Rating)

BuzzFeed, Inc, a tech-powered media company, provides breaking news, original reporting, entertainment, and videos across the social Web to its global audience. It provides BuzzFeed News for young readers; Tasty, a platform for shareable content; HuffPost, a publisher of online news and media content; and Complex Networks that offers urban culture content of fashion, food, music, sneakers, and pop culture, as well as As Is for beauty, BringMe! for travel, Goodful for health and wellness, Nifty for home, and BuzzFeed Parents for family.

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