BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) was down 1.4% on Monday . The stock traded as low as $2.79 and last traded at $2.87. Approximately 458,347 shares traded hands during trading, a decline of 61% from the average daily volume of 1,167,307 shares. The stock had previously closed at $2.91.
BuzzFeed Trading Down 1.7 %
The firm has a market cap of $107.16 million, a P/E ratio of -1.94 and a beta of 3.65. The stock has a 50 day simple moving average of $3.31 and a 200-day simple moving average of $2.86.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Seven Post Investment Office LP purchased a new position in BuzzFeed in the 2nd quarter worth about $1,881,000. Geode Capital Management LLC grew its stake in BuzzFeed by 18.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock worth $500,000 after acquiring an additional 29,543 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of BuzzFeed during the second quarter worth approximately $53,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of BuzzFeed during the second quarter valued at approximately $37,000. 37.64% of the stock is owned by hedge funds and other institutional investors.
BuzzFeed Company Profile
(
Get Free Report)
BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.
See Also
Before you consider BuzzFeed, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BuzzFeed wasn't on the list.
While BuzzFeed currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
