As of close of business last night, BuzzFeed Inc’s stock clocked out at $0.33, up 5.09% from its previous closing price of $0.31. In other words, the price has increased by $+0.0160 from its previous closing price. On the day, 2130792 shares were traded.
Ratios:
To gain a deeper understanding of BZFD’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.68.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cowen on November 22, 2022, Downgraded its rating to Market Perform and sets its target price to $2 from $3 previously.
On August 11, 2022, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $4.50 to $2.
On February 04, 2022, BofA Securities started tracking the stock assigning a Neutral rating and target price of $5.BofA Securities initiated its Neutral rating on February 04, 2022, with a $5 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 29 when Johnson John S. III sold 50,000 shares for $0.19 per share. The transaction valued at 9,440 led to the insider holds 4,780,779 shares of the business.
Johnson John S. III sold 25,000 shares of BZFD for $5,400 on Jan 19. The Member of 10% Group now owns 4,830,779 shares after completing the transaction at $0.22 per share. On Jan 18, another insider, Johnson John S. III, who serves as the Member of 10% Group of the company, sold 50,000 shares for $0.23 each. As a result, the insider received 11,530 and left with 4,855,779 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BZFD now has a Market Capitalization of 47.56M and an Enterprise Value of 226.89M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is -1.76.
Stock Price History:
Over the past 52 weeks, BZFD has reached a high of $1.70, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is 0.2445, while the 200-Day Moving Average is calculated to be 0.3997.
Shares Statistics:
It appears that BZFD traded 4.66M shares on average per day over the past three months and 15.62M shares per day over the past ten days. A total of 126.39M shares are outstanding, with a floating share count of 58.87M. Insiders hold about 59.37% of the company’s shares, while institutions hold 9.52% stake in the company. Shares short for BZFD as of Feb 15, 2024 were 1.92M with a Short Ratio of 0.41, compared to 1.99M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.27% and a Short% of Float of 2.29%.
Earnings Estimates
As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.06, while EPS last year was -$0.75. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.48 and -$0.48 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.2, with 1 analysts recommending between -$0.2 and -$0.2.
Revenue Estimates
In the current quarter, 1 analysts expect revenue to total $104.6M. It ranges from a high estimate of $104.6M to a low estimate of $104.6M. As of the current estimate, BuzzFeed Inc’s year-ago sales were $134.62M, an estimated decrease of -22.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $73.02M, an increase of 8.70% over than the figure of -$22.30% in the same quarter last year. There is a high estimate of $73.02M for the next quarter, whereas the lowest estimate is $73.02M.
A total of 1 analysts have provided revenue estimates for BZFD’s current fiscal year. The highest revenue estimate was $323M, while the lowest revenue estimate was $323M, resulting in an average revenue estimate of $323M. In the same quarter a year ago, actual revenue was $436.67M, down -26.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $336.8M in the next fiscal year. The high estimate is $336.8M and the low estimate is $336.8M. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.
