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Buy, Sell Or Hold BuzzFeed Inc. (NASDAQ:BZFD) At $1.31?

In last trading session, BuzzFeed Inc. (NASDAQ:BZFD) saw 0.25 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.31 trading at $0.13 or 11.02% at ring of the bell on the day assigns it a market valuation of $191.47M. That closing price of BZFD’s stock is at a discount of -1027.48% from its 52-week high price of $14.77 and is indicating a premium of 14.5% from its 52-week low price of $1.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 89110.0 shares which gives us an average trading volume of 112.55K if we extend that period to 3-months.

For BuzzFeed Inc. (BZFD), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.17 in the current quarter.

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BuzzFeed Inc. (NASDAQ:BZFD) trade information

Upright in the green during last session for gaining 11.02%, in the last five days BZFD remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $1.31 price level, adding 20.12% to its value on the day. BuzzFeed Inc.’s shares saw a change of -75.42% in year-to-date performance and have moved -19.63% in past 5-day. BuzzFeed Inc. (NASDAQ:BZFD) showed a performance of -33.16% in past 30-days. Number of shares sold short was 1.62 million shares which calculate 10.68 days to cover the short interests.

BuzzFeed Inc. (BZFD) estimates and forecasts

Statistics highlight that BuzzFeed Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -68.28% of value to its shares in past 6 months, showing an annual growth rate of -2,333.33% while that of industry is 11.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 9.30% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $94.14 million for the same. And 3 analysts are in estimates of company making revenue of $142.23 million in the next quarter that will end on Dec 2022. Company posted $90.1 million and $145.72 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.50% while estimating it to be -2.40% for the next quarter.

BZFD Dividends

BuzzFeed Inc. is more likely to be releasing its next quarterly report on November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

BuzzFeed Inc. (NASDAQ:BZFD)’s Major holders

Insiders are in possession of 45.42% of company’s total shares while institution are holding 33.44 percent of that, with stock having share float percentage of 61.27%. Investors also watch the number of corporate investors in a company very closely, which is 33.44% institutions for BuzzFeed Inc. that are currently holding shares of the company. NEA Management Company, LLC is the top institutional holder at BZFD for having 15.33 million shares of worth $23.61 million. And as of Jun 29, 2022, it was holding 12.23% of the company’s outstanding shares.

The second largest institutional holder is General Atlantic, L.P., which was holding about 7.86 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 6.27% of outstanding shares, having a total worth of $12.11 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.74 million shares of worth $1.14 million or 0.59% of the total outstanding shares. The later fund manager was in possession of 0.69 million shares on Jun 29, 2022, making its stake of worth around $1.06 million in the company or a holder of 0.55% of company’s stock.

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