BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) 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 – Free Report) 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
BuzzFeed (NASDAQ:BZFD – Get Free Report) 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.
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