BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Update

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,130,000 shares, a decrease of 16.3% from the March 15th total of 1,350,000 shares. Based on an average trading volume of 441,400 shares, the short-interest ratio is presently 2.6 days. Approximately 5.9% of the shares of the stock are short sold.

Insider Transactions at BuzzFeed

In other news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1.95, for a total value of $26,576.55. Following the transaction, the insider now owns 3,764,465 shares of the company’s stock, valued at approximately $7,340,706.75. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick J. Kerins sold 61,448 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $2.01, for a total transaction of $123,510.48. Following the transaction, the insider now owns 3,674,745 shares of the company’s stock, valued at approximately $7,386,237.45. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,642 shares of company stock valued at $176,430 over the last 90 days. Company insiders own 20.31% of the company’s stock.

Institutional Investors Weigh In On BuzzFeed

A number of hedge funds have recently bought and sold shares of BZFD. Renaissance Technologies LLC grew its stake in shares of BuzzFeed by 359.5% in the 4th quarter. Renaissance Technologies LLC now owns 792,318 shares of the company’s stock worth $2,115,000 after buying an additional 619,892 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in BuzzFeed by 1,461.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 251,973 shares of the company’s stock worth $673,000 after acquiring an additional 235,831 shares in the last quarter. Marshall Wace LLP bought a new stake in BuzzFeed during the fourth quarter worth approximately $597,000. Dimensional Fund Advisors LP increased its stake in BuzzFeed by 1,006.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 210,909 shares of the company’s stock worth $563,000 after acquiring an additional 191,841 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in BuzzFeed by 18.7% during the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock valued at $500,000 after purchasing an additional 29,543 shares during the period. Hedge funds and other institutional investors own 37.64% of the company’s stock.

BuzzFeed Stock Up 5.5 %

Shares of BZFD stock opened at $1.72 on Wednesday. The stock has a market cap of $66.26 million, a P/E ratio of -1.19 and a beta of 3.58. The company’s fifty day simple moving average is $2.04 and its two-hundred day simple moving average is $2.66. BuzzFeed has a 52 week low of $1.26 and a 52 week high of $5.68.

BuzzFeed (NASDAQ:BZFD) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%. The firm had revenue of $56.20 million for the quarter.

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.