BuzzFeed (NASDAQ:BZFD) Shares Scheduled to Reverse Split on Monday, May 6th

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) are set to reverse split on the morning of Monday, May 6th. The 1-4 reverse split was announced on Monday, May 6th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, May 6th.

BuzzFeed Stock Performance

BuzzFeed stock opened at $0.42 on Friday. The stock has a market cap of $60.95 million, a PE ratio of -0.66 and a beta of 3.10. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30. BuzzFeed has a 12-month low of $0.16 and a 12-month high of $0.80. The business’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.31.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Monday, March 25th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $75.66 million during the quarter. BuzzFeed had a negative net margin of 30.13% and a negative return on equity of 56.18%.

Hedge Funds Weigh In On BuzzFeed

A hedge fund recently bought a new stake in BuzzFeed stock. Monaco Asset Management SAM acquired a new position in shares of BuzzFeed, Inc. (NASDAQ:BZFD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned approximately 0.35% of BuzzFeed at the end of the most recent quarter. Institutional investors and hedge funds own 37.64% of the company’s stock.

About BuzzFeed

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.