-$0.23 Earnings Per Share Expected for BuzzFeed, Inc. (NASDAQ:BZFD) This Quarter

Equities analysts expect that BuzzFeed, Inc. (NASDAQ:BZFD – Get Rating) will post earnings of ($0.23) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for BuzzFeed’s earnings. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that BuzzFeed will report full year earnings of ($0.06) per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.03 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow BuzzFeed.

A number of equities analysts have recently commented on the company. Bank of America assumed coverage on BuzzFeed in a report on Friday, February 4th. They issued a “neutral” rating and a $5.00 price objective on the stock. Cowen assumed coverage on BuzzFeed in a report on Monday, January 10th. They issued an “outperform” rating and a $7.00 price objective on the stock. Craig Hallum assumed coverage on BuzzFeed in a report on Wednesday, January 12th. They issued a “buy” rating and a $7.50 price objective on the stock. Finally, Zacks Investment Research downgraded BuzzFeed from a “hold” rating to a “sell” rating in a report on Monday, May 2nd.

Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in shares of BuzzFeed in the fourth quarter valued at about $33,000. Bank of America Corp DE acquired a new stake in shares of BuzzFeed in the fourth quarter valued at about $47,000. Buckingham Strategic Wealth LLC acquired a new stake in shares of BuzzFeed in the fourth quarter valued at about $68,000. State Street Corp acquired a new stake in shares of BuzzFeed in the fourth quarter valued at about $73,000. Finally, Sciencast Management LP acquired a new stake in shares of BuzzFeed in the first quarter valued at about $88,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

BuzzFeed stock opened at $4.72 on Tuesday. The stock has a 50-day moving average price of $4.88. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.38. BuzzFeed has a 12 month low of $3.62 and a 12 month high of $14.77.

BuzzFeed Company Profile (Get Rating)

BuzzFeed, Inc, a digital media company, provides breaking news, original reporting, entertainment, and videos across the social web to its global audience. It provides BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a newsroom for young audience; Tasty, a platform for shareable food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content; and Complex Networks that offers culture content of music, food, style, entertainment, and sports.

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