Investors Buy High Volume of Call Options on BuzzFeed (NASDAQ:BZFD)

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of unusually large options trading on Wednesday. Traders bought 9,262 call options on the stock. This represents an increase of 2,947% compared to the typical volume of 304 call options.

BuzzFeed Stock Down 12.3 %

BZFD opened at $2.64 on Friday. The business’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.34. BuzzFeed has a 52 week low of $0.64 and a 52 week high of $4.56. The stock has a market cap of $96.23 million, a PE ratio of -1.07 and a beta of 3.10.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $44.76 million during the quarter. BuzzFeed had a negative return on equity of 58.08% and a negative net margin of 32.51%.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BuzzFeed stock. Monaco Asset Management SAM bought a new position in BuzzFeed, Inc. (NASDAQ:BZFD) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned 0.35% of BuzzFeed as of its most recent SEC filing. 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.