BuzzFeed (NASDAQ:BZFD) Announces Earnings Results

BuzzFeed (NASDAQ:BZFD) released its quarterly earnings data on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, Zacks reports. BuzzFeed had a negative return on equity of 33.17% and a negative net margin of 22.51%. BuzzFeed updated its FY 2025 guidance to EPS.

BuzzFeed Stock Down 0.5 %

Shares of BuzzFeed stock opened at $1.96 on Friday. The stock has a market capitalization of $74.48 million, a P/E ratio of -1.35 and a beta of 3.73. BuzzFeed has a 12-month low of $1.26 and a 12-month high of $5.68. The company has a 50-day simple moving average of $2.46 and a 200 day simple moving average of $2.81.

Insiders Place Their Bets

In other BuzzFeed news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of BuzzFeed stock in a transaction 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 transaction, the insider now owns 3,764,465 shares in the company, valued at approximately $7,340,706.75. The trade was a 0.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 26,194 shares of company stock valued at $52,920. 20.31% of the stock is currently owned by insiders.

Institutional Trading of BuzzFeed

A hedge fund recently raised its stake in BuzzFeed stock. Bank of America Corp DE raised its stake in BuzzFeed, Inc. (NASDAQ:BZFD) by 1,615.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,136 shares of the company’s stock after acquiring an additional 13,312 shares during the quarter. Bank of America Corp DE’s holdings in BuzzFeed were worth $38,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 37.64% of the company’s stock.

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.