BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Down 15.7% in January

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a significant 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. Currently, 4.5% of the shares of the stock are sold short. Based on an average daily volume of 357,062 shares, the short-interest ratio is presently 3.7 days. 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 sold short.

BuzzFeed Trading Down 4.1%

BZFD traded down $0.04 during midday trading on Tuesday, reaching $0.86. 273,547 shares of the company were exchanged, compared to its average volume of 290,415. The stock has a market capitalization of $32.00 million, a P/E ratio of -86,000.00 and a beta of 3.42. BuzzFeed has a one year low of $0.83 and a one year high of $2.72. The stock’s 50-day simple moving average is $0.95 and its 200 day simple moving average is $1.49. 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 announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). The firm had revenue of $46.32 million during the quarter, compared to analyst estimates of $54.65 million. BuzzFeed had a net margin of 0.06% and a negative return on equity of 38.20%.

Institutional Trading of BuzzFeed

A number of large investors have recently made changes to their positions in the company. Shay Capital LLC grew its stake in BuzzFeed by 115.1% in 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 period. Vanguard Group Inc. lifted its holdings 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 position in shares of BuzzFeed by 35.8% in the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock valued at $508,000 after purchasing an additional 66,895 shares during the period. Panagora Asset Management Inc. bought a new stake in BuzzFeed during the 2nd quarter worth approximately $77,000. Finally, Squarepoint Ops LLC increased its stake in BuzzFeed by 259.0% during the 3rd 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. Institutional investors own 37.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.