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

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) are going 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 market closes on Monday, May 6th.

BuzzFeed Price Performance

NASDAQ:BZFD opened at $0.42 on Friday. BuzzFeed has a 12-month low of $0.16 and a 12-month high of $0.80. The firm has a market cap of $60.95 million, a price-to-earnings ratio of -0.66 and a beta of 3.10. The company’s 50-day moving average is $0.39 and its two-hundred day moving average is $0.31. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30.

BuzzFeed (NASDAQ:BZFD) last issued its quarterly earnings results on Monday, March 25th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $75.66 million during the quarter. BuzzFeed had a negative return on equity of 56.18% and a negative net margin of 30.13%.

Institutional Investors Weigh In On BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. Monaco Asset Management SAM purchased a new position in shares of BuzzFeed, Inc. (NASDAQ:BZFD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned approximately 0.35% of BuzzFeed as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 37.64% of the company’s stock.

BuzzFeed Company Profile

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.