BuzzFeed Stock Scheduled to Reverse Split on Monday, May 6th (NASDAQ:BZFD)

Posted by James Quigley on May 4th, 2024

BuzzFeed, Inc. (NASDAQ:BZFD – Free Report)’s stock is scheduled to reverse split on the morning of Monday, May 6th. The 1-4 reverse split was announced on Monday, May 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 6th.

BuzzFeed Trading Up 5.9 %

NASDAQ:BZFD opened at $0.42 on Friday. BuzzFeed has a one year low of $0.16 and a one year high of $0.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58. The company’s 50-day simple moving average is $0.39 and its 200 day simple moving average is $0.31. The firm has a market capitalization of $60.95 million, a P/E ratio of -0.66 and a beta of 3.10.

BuzzFeed (NASDAQ:BZFD – Get Free Report) last posted its quarterly earnings data on Monday, March 25th. The company reported $0.03 EPS for the quarter. BuzzFeed had a negative net margin of 30.13% and a negative return on equity of 56.18%. The business had revenue of $75.66 million for the quarter.

Institutional Investors Weigh In On BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. Monaco Asset Management SAM purchased a new stake in shares of BuzzFeed, Inc. (NASDAQ:BZFD – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned about 0.35% of BuzzFeed as of its most recent SEC filing. 37.64% of the stock is currently owned by institutional investors and hedge funds.

BuzzFeed Company Profile

(Get Free Report)

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.