BuzzFeed Inc (NASDAQ:BZFD) does about 338.95K shares in volume on a normal day but saw 1857724 shares change hands in the recent trading day. The company now has a market cap of 93.62M USD. Its current market price is $2.43, marking an increase of 26.56% compared to the previous close of $1.92. The 52 week high reached by this stock is $5.68 whilst the lowest price level in 52 weeks is $1.61.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 39.25% over the period.
FactSet Research has provided data showing that 0 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is nan and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 22, 2022 when Cowen downgraded the stock to “Market Perform” and issued a price target of between $3 and $2. BofA Securities also downgraded the stock to “Underperform” from Neutral on August 11, 2022 at a price target of $4.50-$2. BofA Securities initiated its price target at $5.
The current price level is 23.35%, 23.66%, and -5.80% away from its SMA20, SMA50, and SMA200 respectively, with the BZFD price moving below the 50-day SMA on current market day. BuzzFeed Inc (BZFD) stock is up 26.56% over the week and 28.57% over the past month. Its price is -8.99% year-to-date and -19.27% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 39.25 percent from here.
Outstanding shares total 37.18M with insiders holding 31.79% of the shares and institutional holders owning 22.65% of the company’s common stock. The company has a return on investment of -50.27% and return on equity of -29.07%. The beta has a value of 3.56. Price to book ratio is 1.00 and price to sales ratio is 0.42.
