Craig-Hallum analyst Jason Kreyer reiterated a Buy rating on BuzzFeed today and set a price target of $4.00. The company’s shares closed yesterday at $1.98.
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According to TipRanks, Kreyer is a 5-star analyst with an average return of 14.2% and a 43.05% success rate. Kreyer covers the Communication Services sector, focusing on stocks such as Magnite, TechTarget, Inc., and Stagwell.
Currently, the analyst consensus on BuzzFeed is a Moderate Buy with an average price target of $3.00.
BZFD market cap is currently $76.28M and has a P/E ratio of -1.39.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BZFD in relation to earlier this year. Last month, John S. III Johnson, an Insider at BZFD sold 50,000.00 shares for a total of $122,000.00.
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