BuzzFeed, Inc. (NASDAQ:BZFD) Sees Significant Decrease in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFD) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 1,334,184 shares, a drop of 15.7% from the December 31st total of 1,582,619 shares. Based on an average daily volume of 357,062 shares, the short-interest ratio is presently 3.7 days. Currently, 4.5% of the shares of the stock are short sold. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily volume of 357,062 shares, the short-interest ratio is presently 3.7 days.

Wall Street Analysts Forecast Growth

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

BuzzFeed Price Performance

BZFD stock opened at $0.88 on Monday. The company has a fifty day moving average price of $0.95 and a 200-day moving average price of $1.50. The company has a market capitalization of $32.76 million, a P/E ratio of -88,040.00 and a beta of 3.42. BuzzFeed has a 52-week low of $0.83 and a 52-week high of $2.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

BuzzFeed (NASDAQ:BZFD) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.14). The business had revenue of $46.32 million during 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%.

Hedge Funds Weigh In On BuzzFeed

Hedge funds have recently made changes to their positions in the stock. Shay Capital LLC grew its holdings in BuzzFeed by 115.1% during the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after acquiring an additional 95,879 shares during the period. Vanguard Group Inc. boosted its position in shares of BuzzFeed by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock valued at $1,661,000 after purchasing an additional 79,263 shares in the last quarter. Geode Capital Management LLC grew its stake in BuzzFeed by 35.8% during the second quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after purchasing an additional 66,895 shares during the period. Panagora Asset Management Inc. bought a new stake in BuzzFeed in the second quarter worth approximately $77,000. Finally, Squarepoint Ops LLC increased its holdings in BuzzFeed by 259.0% in the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after purchasing an additional 30,803 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors.

About BuzzFeed

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.