The Vanguard Group, Inc. has recently announced that it has increased stake in BuzzFeed Inc. (NASDAQ:BZFD) by 7.99%. After grabbing 2.72 million shares, the institutional investor is now in possession of 0.2 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 2.14% having worth around $1.46 million. Moreover, GAM International Management Ltd. increased its share by 0.92 million to have a control over 0.92 million shares. And Cubist Systematic Strategies LLC raised its holdings to 0.67 million shares by acquiring 0.67 million shares or 0.53% of the stake.
BuzzFeed Inc. (BZFD) concluded trading on 05/24/23 at a closing price of $0.63, with 0.95 million shares of worth about $0.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.20% during that period and on Wednesday the price saw a loss of about -5.14%. Currently the company’s common shares owned by public are about 140.70M shares, out of which, 69.18M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the BZFD stock and their offered price forecasts bring an average price target of $1.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $1.50. The stock’s current price level is 62.28% above of average price target set by the analysts, while a rise to estimated low would result in gain of 58.0% for the stock. However, touching the estimated high of $2.00 would mean a gain of 68.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 77 times over the past 12 months. They bought 3,257,401 shares in 57 of the transactions. In 20 selling transactions, insiders dumped 11,815,372 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in BuzzFeed Inc. Vanguard Total Stock Market ETF is currently holding 2.11 million shares of worth totaling $1.13 million. The company recently came buying 0.0 shares which brought its stake up to 1.66% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.18 million shares, have now control over 0.14% of the stake in the company. It holds 0.0 shares of worth $94248.0.
However, the stock later moved at a day high price of 0.6594, or with a loss of -5.14%. Stock saw a price change of -6.37% in past 5 days and over the past one month there was a price change of 20.31%. Year-to-date (YTD), BZFD shares are showing a performance of -9.05% which decreased to -84.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.51 but also hit the highest price of $4.54 during that period. The average intraday trading volume for BuzzFeed Inc. shares is 2.11 million. The stock is currently trading 6.35% above its 20-day simple moving average (SMA20), while that difference is down -22.08% for SMA50 and it goes to -53.63% lower than SMA200.
The Vanguard Group, Inc. acquired 2.72 million shares of BuzzFeed Inc. having value of about $1.46 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.2 million shares in the company valued at close to $126599.13, or have control over 7.99% stake in the company. BuzzFeed Inc. (NASDAQ: BZFD) currently have 140.70M outstanding shares and institutions hold larger chunk of about 35.60% of that. Holding of mutual funds in the company is about 3.19% while other institutional holders and individual stake holders have control over 40.51% and 2.41% of the stake respectively.
The stock has a current market capitalization of $105.18M. It has posted earnings per share of -$1.45 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BZFD, volatility over the week remained 13.74% while standing at 13.54% over the month.
Stock’s fiscal year EPS is expected to rise by 72.40% while it is estimated to increase by 35.00% in next year.
Analysts at 3 brokerage firms have issued recommendations for the BuzzFeed Inc. (BZFD)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 3 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
