BuzzFeed Inc (NASDAQ: BZFD) is 228.00% higher on its value in year-to-date trading and has touched a low of $0.64 and a high of $4.56 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 $2.91 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $3.28, the stock is 23.07% and 23.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.4 million and changing 12.71% at the moment leaves the stock 49.11% off its SMA200. BZFD registered 156.97% gain for a year compared to 6-month gain of 50.46%. The firm has a 50-day simple moving average (SMA 50) of $2.6286 and a 200-day simple moving average (SMA200) of $2.1871.
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The stock witnessed a 30.16% loss in the last 1 month and extending the period to 3 months gives it a 15.90%, and is 19.71% 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 14.94% over the week and 8.63% over the month.
BuzzFeed Inc (BZFD) has around 925 employees, a market worth around $124.70M and $231.67M in sales. Profit margin for the company is -22.51%. Distance from 52-week low is 409.95% and -28.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.66%).
49.0 institutions hold shares in BuzzFeed Inc (BZFD), with institutional investors hold 39.06% of the company’s shares. The shares outstanding are 35.03M, and float is at 16.68M with Short Float at 4.17%. Institutions hold 25.75% of the Float.
The top institutional shareholder in the company is IFP ADVISORS, INC with over 2000.0 shares valued at $836.0. The investor’s holdings represent 0.0055 of the BZFD Shares outstanding. As of 2024-06-30, the second largest holder is NELSON, VAN DENBURG & CAMPBELL WEALTH MANAGEMENT GROUP, LLC with 500.0 shares valued at $1380.0 to account for 0.0014 of the shares outstanding. The other top investors are SOA WEALTH ADVISORS, LLC. which holds 250.0 shares representing 0.0007 and valued at over $690.0, while PARALLEL ADVISORS, LLC holds 0.0002 of the shares totaling 88.0 with a market value of $243.0.
BuzzFeed Inc (BZFD) Insider Activity
The most recent transaction is an insider sale by Johnson John S. III, the company’s Member of 10% Group. SEC filings show that Johnson John S. III sold 104,000 shares of the company’s common stock on May 31 ’24 at a price of $2.85 per share for a total of $0.3 million. Following the sale, the insider now owns 1.09 million shares.
BuzzFeed Inc disclosed in a document filed with the SEC on May 22 ’24 that COMCAST CORP (10% Owner) sold a total of 3,176,923 shares of the company’s common stock. The trade occurred on May 22 ’24 and was made at $3.19 per share for $10.15 million. Following the transaction, the insider now directly holds 2.0 million shares of the BZFD stock.
Still, SEC filings show that on Jan 29 ’24, Johnson John S. III (Member of 10% Group) disposed off 50,000 shares at an average price of $0.19 for $9440.0. The insider now directly holds 4,780,779 shares of BuzzFeed Inc (BZFD).
