BuzzFeed (NASDAQ:BZFD) Shares Down 3%

BuzzFeed, Inc. (NASDAQ:BZFD) shares traded down 3% on Tuesday . The company traded as low as $0.32 and last traded at $0.32. 69,901 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 4,181,485 shares. The stock had previously closed at $0.33.

BuzzFeed Trading Down 3.0 %

The business has a 50 day moving average of $0.34 and a two-hundred day moving average of $0.49. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm has a market cap of $46.22 million, a P/E ratio of -0.23 and a beta of 3.05.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The firm had revenue of $77.90 million for the quarter. BuzzFeed had a negative return on equity of 42.82% and a negative net margin of 51.15%. Analysts predict that BuzzFeed, Inc. will post -0.44 earnings per share for the current year.

Insiders Place Their Bets

In other BuzzFeed news, major shareholder John S. Johnson III sold 74,480 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $0.40, for a total transaction of $29,792.00. Following the transaction, the insider now owns 5,265,586 shares in the company, valued at approximately $2,106,234.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder John S. Johnson III sold 74,480 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $0.40, for a total transaction of $29,792.00. Following the sale, the insider now directly owns 5,265,586 shares of the company’s stock, valued at approximately $2,106,234.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder John S. Johnson III sold 95,235 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $0.35, for a total value of $33,332.25. Following the sale, the insider now directly owns 4,988,815 shares in the company, valued at $1,746,085.25. The disclosure for this sale can be found here. Insiders have sold 372,562 shares of company stock worth $142,626 in the last 90 days. Company insiders own 22.82% of the company’s stock.

Institutional Trading of BuzzFeed

Several large investors have recently bought and sold shares of the business. Citigroup Inc. acquired a new stake in BuzzFeed in the first quarter valued at about $31,000. Geode Capital Management LLC boosted its stake in BuzzFeed by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 367,461 shares of the company’s stock valued at $253,000 after buying an additional 11,099 shares in the last quarter. State Street Corp raised its position in BuzzFeed by 14.7% in the third quarter. State Street Corp now owns 88,423 shares of the company’s stock valued at $138,000 after purchasing an additional 11,300 shares during the last quarter. Royal Bank of Canada raised its position in BuzzFeed by 82,871.4% in the first quarter. Royal Bank of Canada now owns 11,616 shares of the company’s stock valued at $61,000 after purchasing an additional 11,602 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in BuzzFeed in the first quarter valued at about $79,000. 19.50% of the stock is owned by institutional investors and hedge funds.

BuzzFeed Company Profile

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. It offers 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.