BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 1,570,000 shares, a decline of 5.4% from the July 31st total of 1,660,000 shares. Approximately 8.0% of the company's stock are short sold. Based on an average trading volume of 949,600 shares, the short-interest ratio is currently 1.7 days.
BuzzFeed Price Performance
BuzzFeed stock traded down $0.03 during midday trading on Monday, hitting $2.59. 215,800 shares of the company were exchanged, compared to its average volume of 1,327,470. The company's fifty day moving average price is $2.70 and its 200-day moving average price is $2.15. BuzzFeed has a fifty-two week low of $0.64 and a fifty-two week high of $4.56. The company has a market cap of $94.82 million, a PE ratio of -1.05 and a beta of 3.36.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter. BuzzFeed had a negative net margin of 28.24% and a negative return on equity of 45.51%. The business had revenue of $46.93 million during the quarter.
Hedge Funds Weigh In On BuzzFeed
A number of institutional investors have recently made changes to their positions in BZFD. Cubist Systematic Strategies LLC bought a new stake in shares of BuzzFeed in the 2nd quarter valued at approximately $37,000. Dimensional Fund Advisors LP acquired a new position in BuzzFeed during the 2nd quarter worth $53,000. Baader Bank Aktiengesellschaft acquired a new position in BuzzFeed during the 2nd quarter worth $475,000. Monaco Asset Management SAM acquired a new position in BuzzFeed during the 4th quarter worth $125,000. Finally, Seven Post Investment Office LP acquired a new position in BuzzFeed during the 2nd quarter worth $1,881,000. 37.64% of the stock is owned by institutional investors and hedge funds.
BuzzFeed Company Profile
(
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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.
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