During the last session, BuzzFeed Inc (NASDAQ:BZFD)’s traded shares were 1.36 million, with the beta value of the company hitting 3.10. At the end of the trading day, the stock’s price was $0.41, reflecting an intraday loss of -9.50% or -$0.04. The 52-week high for the BZFD share is $1.10, that puts it down -168.29 from that peak though still a striking 60.98% gain since the share price plummeted to a 52-week low of $0.16. The company’s market capitalization is $59.64M, and the average intraday trading volume over the past 10 days was 2.47 million shares, and the average trade volume was 4.93 million shares over the past three months.
BuzzFeed Inc (NASDAQ:BZFD) trade information
BuzzFeed Inc (BZFD) registered a -9.50% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -9.50% in intraday trading to $0.41, hitting a weekly high. The stock’s 5-day price performance is 2.61%, and it has moved by 21.29% in 30 days. Based on these gigs, the overall price performance for the year is -62.42%. The short interest in BuzzFeed Inc (NASDAQ:BZFD) is 4.47 million shares and it means that shorts have 0.37 day(s) to cover.
BuzzFeed Inc (BZFD) estimates and forecasts
In the rating firms’ projections, revenue will decrease -42.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $75.66 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $73.02 million by the end of Mar 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $134.62 million and $67.15 million respectively. In this case, analysts expect current quarter sales to shrink by -43.80% and then jump by 8.70% in the coming quarter.
BZFD Dividends
BuzzFeed Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
BuzzFeed Inc (NASDAQ:BZFD)’s Major holders
BuzzFeed Inc insiders own 34.66% of total outstanding shares while institutional holders control 31.69%, with the float percentage being 48.51%. NEA Management Company, LLC is the largest shareholder of the company, while 45 institutions own stock in it. As of Jun 29, 2023, the company held over 15.33 million shares (or 11.20% of all shares), a total value of $7.74 million in shares.
The next largest institutional holding, with 7.86 million shares, is of General Atlantic, L.P.’s that is approximately 5.74% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $3.97 million.
Also, the Mutual Funds coming in first place with the largest holdings of BuzzFeed Inc (BZFD) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 2.11 million shares. This amounts to just over 1.54 percent of the company’s overall shares, with a $1.06 million market value. The same data shows that the other fund manager holds slightly less at 0.47 million, or about 0.34% of the stock, which is worth about $0.24 million.
