After finishing at $0.41 in the prior trading day, BuzzFeed Inc (NASDAQ: BZFD) closed at $0.38, down -6.19%. On the day, 649466 shares were traded.
Ratios:
Our goal is to gain a better understanding of BZFD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 2.01 whereas as Long-Term Debt/Eq ratio is at 0.66.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 29 ’24 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 ’24. The Member of 10% Group now owns 4,830,779 shares after completing the transaction at $0.22 per share. On Jan 18 ’24, 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.51.
Stock Price History:
Over the past 52 weeks, BZFD has reached a high of $1.05, while it has fallen to a 52-week low of $0.16.
Shares Statistics:
A total of 140.14M shares are outstanding, with a floating share count of 60.82M. Insiders hold about 58.28% of the company’s shares, while institutions hold 9.46% stake in the company.
