Wall Street analysts’ outlook for BuzzFeed Inc (BZFD)

With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.3 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $2.1873 whereas the lowest price it dropped to was $1.89. The 52-week range on BZFD shows that it touched its highest point at $3.20 and its lowest point at $0.64 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 3.21.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BZFD was up-trending over the past week, with a rise of 21.30%, but this was up by 26.45% over a month. Three-month performance surged to 206.15% while six-month performance rose 70.55%. The stock lost -5.11% in the past year, while it has gained 105.00% so far this year.

Float and Shares Shorts:

At present, 35.03 million BZFD shares are outstanding with a float of 15.04 million shares on hand for trading. On 2024-04-30, short shares totaled 1.13 million, which was 310.0 higher than short shares on 1711584000. In addition to Mr. Jonah Peretti as the firm’s Founder, Chairman & CEO, Mr. David Arroyo serves as its Chief Legal & Compliance Officer and Corporate Secretary.

Institutional Ownership:

Through their ownership of 0.26002002 of BZFD’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, BZFD reported revenue of $34324000.0 and operating income of $16781000.0. The EBITDA in the recently reported quarter was $13999000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BZFD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.