Short Interest in BuzzFeed, Inc. (NASDAQ:BZFD) Rises By 7.5%

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 1,440,000 shares, a growth of 7.5% from the June 30th total of 1,340,000 shares. Based on an average daily trading volume, of 1,980,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 7.2% of the company’s stock are sold short.

Insider Transactions at BuzzFeed

In other news, major shareholder John S. Johnson III sold 104,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $2.85, for a total transaction of $296,400.00. Following the completion of the sale, the insider now owns 1,091,195 shares of the company’s stock, valued at $3,109,905.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John S. Johnson III sold 104,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $2.85, for a total value of $296,400.00. Following the completion of the sale, the insider now owns 1,091,195 shares in the company, valued at $3,109,905.75. The disclosure for this sale can be found here. Corporate insiders own 20.31% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BuzzFeed stock. Baader Bank Aktiengesellschaft purchased a new position in BuzzFeed, Inc. (NASDAQ:BZFD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 172,303 shares of the company’s stock, valued at approximately $475,000. Baader Bank Aktiengesellschaft owned approximately 0.47% of BuzzFeed at the end of the most recent quarter. 37.64% of the stock is owned by institutional investors and hedge funds.

BuzzFeed Price Performance

Shares of NASDAQ BZFD traded down $0.14 during midday trading on Tuesday, reaching $2.74. 552,714 shares of the company traded hands, compared to its average volume of 1,453,407. BuzzFeed has a 52 week low of $0.64 and a 52 week high of $4.56. The stock has a 50-day moving average price of $2.67 and a 200 day moving average price of $1.85. The company has a market cap of $100.31 million, a price-to-earnings ratio of -1.11 and a beta of 3.37.

BuzzFeed (NASDAQ:BZFD) last released its earnings results on Monday, May 13th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $44.76 million for the quarter. BuzzFeed had a negative return on equity of 58.08% and a negative net margin of 32.51%.

BuzzFeed Company Profile

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.