BuzzFeed Inc (NASDAQ: BZFD) is 1.87% higher on its value in year-to-date trading and has touched a low of $0.64 and a high of $5.68 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 $2.85 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $2.72, the stock is -12.31% and -18.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.5 million and changing -4.56% at the moment leaves the stock 3.52% off its SMA200. BZFD registered 151.85% gain for a year compared to 6-month gain of 0.00%. The firm has a 50-day simple moving average (SMA 50) of $3.3289 and a 200-day simple moving average (SMA200) of $2.62123.
The stock witnessed a -49.25% loss in the last 1 month and extending the period to 3 months gives it a 1.12%, and is 1.87% 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 7.31% over the week and 9.63% over the month.
BuzzFeed Inc (BZFD) has around 925 employees, a market worth around $103.36M and $231.67M in sales. Profit margin for the company is -22.51%. Distance from 52-week low is 322.89% and -52.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.66%).
40.0 institutions hold shares in BuzzFeed Inc (BZFD), with institutional investors hold 39.75% of the company’s shares. The shares outstanding are 36.61M, and float is at 16.70M with Short Float at 4.46%. Institutions hold 25.54% 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 Rolle Janet L, the company’s Director. SEC filings show that Rolle Janet L sold 30,801 shares of the company’s common stock on Dec 13 ’24 at a price of $3.50 per share for a total of $0.11 million. Following the sale, the insider now owns 0.12 million shares.
BuzzFeed Inc disclosed in a document filed with the SEC on May 31 ’24 that Johnson John S. III (Member of 10% Group) sold a total of 104,000 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $2.85 per share for $0.3 million. Following the transaction, the insider now directly holds 1.09 million shares of the BZFD stock.
Still, SEC filings show that on May 22 ’24, COMCAST CORP (10% Owner) disposed off 3,176,923 shares at an average price of $3.19 for $10.15 million. The insider now directly holds 2,000,000 shares of BuzzFeed Inc (BZFD).
