BuzzFeed Inc (NASDAQ:BZFD)’s traded shares stood at 6.19 million during the last session, with the company’s beta value hitting 3.06. At the close of trading, the stock’s price was $0.47, to imply an increase of 17.01% or $0.07 in intraday trading. The BZFD share’s 52-week high remains $1.23, putting it -161.7% down since that peak but still an impressive 65.96% since price per share fell to its 52-week low of $0.16. The company has a valuation of $68.01M, with an average of 2.48 million shares in intraday trading volume over the past 10 days and average of 5.00 million shares over the past 3 months.
BuzzFeed Inc (NASDAQ:BZFD) trade information
After registering a 17.01% upside in the last session, BuzzFeed Inc (BZFD) has traded red over the past five days. The stock hit a weekly high of 0.4770, jumping 17.01% in its intraday price action. The 5-day price performance for the stock is 20.54%, and 34.69% over 30 days. With these gigs, the year-to-date price performance is 86.84%. Short interest in BuzzFeed Inc (NASDAQ:BZFD) saw shorts transact 4.47 million shares and set a 0.37 days time to cover.
BuzzFeed Inc (BZFD) estimates and forecasts
The rating firms project that company’s revenue will shrink -42.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $75.66 million. Meanwhile, for the quarter ending Mar 2024, a total of 1 analyst(s) estimate revenue growth to $73.02 million.Earnings reports from the last fiscal year show that sales brought in $134.62 million and $67.15 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -43.80% before jumping 8.70% in the following quarter.
BZFD Dividends
BuzzFeed Inc has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. BuzzFeed Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
BuzzFeed Inc (NASDAQ:BZFD)’s Major holders
BuzzFeed Inc insiders hold 34.66% of total outstanding shares, with institutional holders owning 31.69% of the shares at 48.51% float percentage. In total, 31.69% institutions holds shares in the company, led by NEA Management Company, LLC. As of Jun 29, 2023, the company held over 15.33 million shares (or 11.20% of shares), all amounting to roughly $7.74 million.
The next major institution holding the largest number of shares is General Atlantic, L.P. with 7.86 million shares, or about 5.74% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $3.97 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the BuzzFeed Inc (BZFD) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 2.11 million shares. This is just over 1.54% of the total shares, with a market valuation of $1.06 million. Data from the same date shows that the other fund manager holds a little less at 0.47 million, or 0.34% of the shares, all valued at about 0.24 million.
