BuzzFeed Inc (NASDAQ: BZFD) is 61.40% higher on its value in year-to-date trading and has touched a low of $0.16 and a high of $1.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BZFD stock was last observed hovering at around $0.37 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.40, the stock is 11.28% and 47.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.89 million and changing 9.11% at the moment leaves the stock 6.49% off its SMA200. BZFD registered -57.33% loss for a year compared to 6-month gain of 30.92%. The firm has a 50-day simple moving average (SMA 50) of $0.68 and a 200-day simple moving average (SMA200) of -$1.87.
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The stock witnessed a 22.27% loss in the last 1 month and extending the period to 3 months gives it a 27.17%, and is 5.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.93% over the week and 11.14% over the month.
BuzzFeed Inc (BZFD) has around 1368 employees, a market worth around $58.47M and $352.98M in sales. Profit margin for the company is -51.85%. Distance from 52-week low is 150.93% and -67.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-57.20%).
BuzzFeed Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $104.6M over the same period., but quarterly earnings will post -26.00% year-over-year. Quarterly sales are estimated to shrink -22.30% in year-over-year returns.
BuzzFeed Inc (BZFD) Top Institutional Holders
45 institutions hold shares in BuzzFeed Inc (BZFD), with institutional investors hold 49.57% of the company’s shares. The shares outstanding are 126.39M, and float is at 58.83M with Short Float at 9.49%. Institutions hold 32.14% of the Float.
The top institutional shareholder in the company is NEA Management Company, LLC with over 15.33 million shares valued at $7.74 million. The investor’s holdings represent 11.20% of the BZFD Shares outstanding. As of Jun 29, 2023, the second largest holder is General Atlantic, L.P. with 7.86 million shares valued at $3.97 million to account for 5.74% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.73 million shares representing 1.99% and valued at over $1.38 million, while Blackrock Inc. holds 0.29% of the shares totaling 0.4 million with a market value of $0.2 million.
BuzzFeed Inc (BZFD) Insider Activity
The most recent transaction is an insider sale by Johnson John S. III,the company’sMember of 10% Group. SEC filings show that Johnson John S. III sold 50,000 shares of the company’s common stock on Jan 29 ’24 at a price of $0.19 per share for a total of $9440.0. Following the sale, the insider now owns 4.78 million shares.
BuzzFeed Inc disclosed in a document filed with the SEC on Jan 19 ’24 that Johnson John S. III (Member of 10% Group) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Jan 19 ’24 and was made at $0.22 per share for $5400.0. Following the transaction, the insider now directly holds 4.83 million shares of the BZFD stock.
Still, SEC filings show that on Jan 18 ’24, Johnson John S. III (Member of 10% Group) disposed off 50,000 shares at an average price of $0.23 for $11530.0. The insider now directly holds 4,855,779 shares of BuzzFeed Inc (BZFD).
