BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) was up 3.8% during mid-day trading on Tuesday . The company traded as high as $2.78 and last traded at $2.73. Approximately 747,579 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,533,310 shares. The stock had previously closed at $2.63.
BuzzFeed Stock Up 3.8 %
The company has a market capitalization of $99.95 million, a price-to-earnings ratio of -1.11 and a beta of 3.39. The stock’s fifty day moving average price is $2.18 and its 200-day moving average price is $1.55.
BuzzFeed (NASDAQ:BZFD – Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.72) earnings per share (EPS) for the quarter. BuzzFeed had a negative net margin of 32.51% and a negative return on equity of 58.08%. The business had revenue of $44.76 million during the quarter.
Insider Buying and Selling
Hedge Funds Weigh In On BuzzFeed
A hedge fund recently bought a new stake in BuzzFeed stock. Monaco Asset Management SAM acquired a new stake in BuzzFeed, Inc. (NASDAQ:BZFD – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned about 0.35% of BuzzFeed at the end of the most recent reporting period. 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.
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