BuzzFeed (NASDAQ:BZFD – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. The company had revenue of $56.20 million during the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%. BuzzFeed updated its FY 2025 guidance to EPS.
BuzzFeed Trading Up 12.2 %
Shares of BZFD stock opened at $2.20 on Friday. The stock has a market cap of $83.60 million, a price-to-earnings ratio of -1.52 and a beta of 3.73. The stock has a 50-day moving average of $2.42 and a 200-day moving average of $2.80. BuzzFeed has a 1-year low of $1.26 and a 1-year high of $5.68.
Insider Activity
In other BuzzFeed news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of BuzzFeed stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total value of $26,576.55. Following the completion of the sale, the insider now directly owns 3,764,465 shares in the company, valued at approximately $7,340,706.75. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick J. Kerins sold 61,448 shares of BuzzFeed stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $2.01, for a total value of $123,510.48. Following the completion of the sale, the insider now owns 3,674,745 shares of the company’s stock, valued at approximately $7,386,237.45. The trade was a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,642 shares of company stock valued at $176,430. Company insiders own 20.31% of the company’s stock.
Institutional Investors Weigh In On BuzzFeed
About BuzzFeed
BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.
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