BuzzFeed (NASDAQ:BZFD) Posts Quarterly Earnings Results

BuzzFeed (NASDAQ:BZFD) 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

A hedge fund recently raised its stake in BuzzFeed stock. Bank of America Corp DE boosted its holdings in BuzzFeed, Inc. (NASDAQ:BZFD) by 1,615.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,136 shares of the company’s stock after purchasing an additional 13,312 shares during the quarter. Bank of America Corp DE’s holdings in BuzzFeed were worth $38,000 at the end of the most recent quarter. 37.64% of the stock is owned by institutional investors and hedge funds.

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.