Craig-Hallum analyst Jason Kreyer maintained a Buy rating on BuzzFeed (BZFD – Research Report) today. The company’s shares closed yesterday at $0.63.
Kreyer covers the Technology sector, focusing on stocks such as Integral Ad Science, comScore, and Digital Media Solutions. According to TipRanks, Kreyer has an average return of 1.2% and a 44.97% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for BuzzFeed with a $1.50 average price target.
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Based on BuzzFeed’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $67.15 million and a GAAP net loss of $36.26 million. In comparison, last year the company earned a revenue of $91.56 million and had a GAAP net loss of $44.89 million
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BuzzFeed is a digital media company. It offers news, entertainment, and shareable food content through its portfolio of online brands, including HuffPost, BuzzFeed Entertainment, and Tasty.
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