BuzzFeed Inc (NASDAQ:BZFD) has a beta value of 3.03 and has seen 1.07 million shares traded in the last trading session. The company, currently valued at $55.53M, closed the last trade at $0.38 per share which meant it lost -$0.01 on the day or -0.70% during that session. The BZFD stock price is -223.68% off its 52-week high price of $1.23 and 57.89% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.75 million shares traded. The 3-month trading volume is 4.90 million shares.
BuzzFeed Inc (NASDAQ:BZFD) trade information
Sporting -0.70% in the red in last session, the stock has traded in the green over the last five days, when the BZFD stock price touched $0.38 or saw a rise of 10.55%. Year-to-date, BuzzFeed Inc shares have moved 53.28%, while the 5-day performance has seen it change 0.92%. Over the past 30 days, the shares of BuzzFeed Inc (NASDAQ:BZFD) have changed 61.01%. Short interest in the company has seen 5.58 million shares shorted with days to cover at 0.52.
BuzzFeed Inc (BZFD) estimates and forecasts
The company’s shares have gained 0.84% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -26.00%.
1 analysts offering their estimates for the company have set an average revenue estimate of $104.6 million for the current quarter. 1 have an estimated revenue figure of $73.02 million for the next quarter concluding in Mar 2024. Year-ago sales stood $134.62 million and $67.15 million respectively for this quarter and the next, and analysts expect sales will shrink by -22.30% for the current quarter and 8.70% for the next.
BZFD Dividends
BuzzFeed Inc is expected to release its next earnings report on March 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
BuzzFeed Inc (NASDAQ:BZFD)’s Major holders
Insiders own 35.15% of the company shares, while shares held by institutions stand at 32.14% with a share float percentage of 49.57%. Investors are also buoyed by the number of investors in a company, with BuzzFeed Inc having a total of 45 institutions that hold shares in the company. The top two institutional holders are NEA Management Company, LLC with over 15.33 million shares worth more than $7.74 million. As of Jun 29, 2023, NEA Management Company, LLC held 11.20% of shares outstanding.
The other major institutional holder is General Atlantic, L.P., with the holding of over 7.86 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $3.97 million and represent 5.74% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 1.54% shares in the company for having 2.11 million shares of worth $1.06 million while later fund manager owns 0.47 million shares of worth $0.24 million as of Jun 29, 2023, which makes it owner of about 0.34% of company’s outstanding stock.
