BuzzFeed, Inc. (NASDAQ:BZFD) Sees Large Increase in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFD) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,582,619 shares, a growth of 24.7% from the December 15th total of 1,269,096 shares. Based on an average trading volume of 472,360 shares, the days-to-cover ratio is presently 3.4 days. Currently, 5.3% of the shares of the stock are sold short. Currently, 5.3% of the shares of the stock are sold short. Based on an average trading volume of 472,360 shares, the days-to-cover ratio is presently 3.4 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on BZFD shares. Wall Street Zen lowered shares of BuzzFeed from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Craig Hallum cut shares of BuzzFeed from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a report on Friday, November 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BuzzFeed in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BuzzFeed currently has a consensus rating of “Reduce” and a consensus target price of $1.00.

Institutional Trading of BuzzFeed

Hedge funds and other institutional investors have recently bought and sold shares of the company. Shay Capital LLC grew its position in BuzzFeed by 115.1% during the third quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock valued at $305,000 after acquiring an additional 95,879 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of BuzzFeed by 259.0% in the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after purchasing an additional 30,803 shares in the last quarter. Blair William & Co. IL bought a new position in shares of BuzzFeed during the 3rd quarter valued at $29,000. Vanguard Group Inc. raised its position in BuzzFeed by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after purchasing an additional 79,263 shares during the period. Finally, Founders Financial Securities LLC lifted its stake in BuzzFeed by 29.6% in the third quarter. Founders Financial Securities LLC now owns 61,545 shares of the company’s stock worth $105,000 after purchasing an additional 14,045 shares during the last quarter. Hedge funds and other institutional investors own 37.64% of the company’s stock.

BuzzFeed Price Performance

Shares of NASDAQ:BZFD traded down $0.05 during trading on Friday, reaching $0.94. The company had a trading volume of 220,239 shares, compared to its average volume of 404,328. The company has a fifty day moving average of $0.96 and a two-hundred day moving average of $1.58. The stock has a market capitalization of $35.08 million, a P/E ratio of -94,280.00 and a beta of 3.42. BuzzFeed has a 12 month low of $0.83 and a 12 month high of $3.02. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). The company had revenue of $46.32 million for the quarter, compared to the consensus estimate of $54.65 million. BuzzFeed had a negative return on equity of 38.20% and a net margin of 0.06%.

BuzzFeed Company Profile

BuzzFeed, Inc operates as a digital media and technology company specializing in news, entertainment, and social content. The company produces articles, videos and quizzes that target diverse audiences across web, mobile and social platforms. In addition to editorial content, BuzzFeed offers a suite of advertising solutions, including native advertising, branded content and programmatic display, designed to blend seamlessly with its editorial offerings and engage consumers at scale.

Founded in 2006 by Jonah Peretti and John S.