BuzzFeed (NASDAQ:BZFD) Trading Down 3% – Should You Sell?

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) traded down 3% on Monday . The stock traded as low as $0.7595 and last traded at $0.7860. 375,878 shares traded hands during trading, an increase of 89% from the average session volume of 198,365 shares. The stock had previously closed at $0.81.

Analyst Ratings Changes

Several equities analysts have recently commented on BZFD shares. Craig Hallum lowered shares of BuzzFeed from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a report on Friday, November 21st. Wall Street Zen downgraded shares of BuzzFeed from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BuzzFeed in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $1.00.

BuzzFeed Price Performance

The company’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.33. The company has a market cap of $29.25 million, a PE ratio of -78,600.00 and a beta of 3.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

Institutional Investors Weigh In On BuzzFeed

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in BuzzFeed by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock valued at $1,661,000 after purchasing an additional 79,263 shares in the last quarter. Geode Capital Management LLC raised its holdings in BuzzFeed by 35.8% in the second quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock valued at $508,000 after acquiring an additional 66,895 shares in the last quarter. Shay Capital LLC lifted its stake in BuzzFeed by 115.1% in the third quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after acquiring an additional 95,879 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in BuzzFeed by 60.8% during the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock worth $100,000 after acquiring an additional 40,617 shares in the last quarter. Finally, State Street Corp grew its holdings in BuzzFeed by 18.9% during the 4th quarter. State Street Corp now owns 96,328 shares of the company’s stock worth $90,000 after acquiring an additional 15,300 shares in the last quarter. Hedge funds and other institutional investors own 37.64% of the company’s stock.

BuzzFeed Company Profile

BuzzFeed, Inc operates as a digital media and technology company specializing in news, entertainment, and social content. The company produces articles, videos and quizzes that target diverse audiences across web, mobile and social platforms. In addition to editorial content, BuzzFeed offers a suite of advertising solutions, including native advertising, branded content and programmatic display, designed to blend seamlessly with its editorial offerings and engage consumers at scale.

Founded in 2006 by Jonah Peretti and John S.