BuzzFeed (NASDAQ:BZFD) Releases Earnings Results

BuzzFeed (NASDAQ:BZFD) released its 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 for 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 Stock Up 12.2 %

Shares of BZFD stock opened at $2.20 on Friday. BuzzFeed has a twelve month low of $1.26 and a twelve month high of $5.68. The company has a market cap of $83.60 million, a P/E ratio of -1.52 and a beta of 3.73. The business has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $2.80.

Insider Buying and Selling

In other BuzzFeed news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 3,764,465 shares of the company’s stock, valued at $7,340,706.75. This represents a 0.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick J. Kerins sold 61,448 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 87,642 shares of company stock worth $176,430 in the last ninety days. 20.31% of the stock is owned by insiders.

Hedge Funds Weigh In On BuzzFeed

A hedge fund recently raised its stake in BuzzFeed stock. Bank of America Corp DE boosted its position in BuzzFeed, Inc. (NASDAQ:BZFD) by 1,615.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,136 shares of the company’s stock after purchasing an additional 13,312 shares during the period. 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.