The price of BuzzFeed Inc (NASDAQ:BZFD) shares last traded on Wall Street rose 1.74% to $2.92.
BZFD stock price is now -13.25% away from the 50-day moving average and 9.79% away from the 200-day moving average. The market capitalization of the company currently stands at $110.96M.
With the price target reduced from $3 to $2, Cowen Downgraded its rating from Outperform to Market Perform for BuzzFeed Inc (NASDAQ: BZFD). On August 11, 2022, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $4.50 to quote $2, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, Rolle Janet L, Director sold 30,801 shares of the company’s stock on Dec 13 ’24. The stock was sold for $107,662 at an average price of $3.50. Upon completion of the transaction, the Director now directly owns 122,904 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Member of 10% Group Johnson John S. III sold 104,000 shares of the business’s stock. A total of $296,067 was realized by selling the stock at an average price of $2.85. This leaves the insider owning 1,091,195 shares of the company worth $3.19 million. A total of 56.06% of the company’s stock is owned by insiders.
During the past 12 months, BuzzFeed Inc has had a low of $0.64 and a high of $5.68. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 0.67, and a quick ratio of 0.67. The fifty day moving average price for BZFD is $3.3659 and a two-hundred day moving average price translates $2.65954 for the stock.
The latest earnings results from BuzzFeed Inc (NASDAQ: BZFD) was released for 2024-09-30. The net profit margin was -22.51% and return on equity was -28.67% for BZFD. The company reported revenue of $64.32 million for the quarter, compared to $59.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.24 percent.
