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

Shares of BuzzFeed, Inc. (NASDAQ:BZFD) are going to reverse split on 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

BZFD stock opened at $0.42 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30. 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 fifty day simple moving average is $0.39 and its 200 day simple moving average is $0.31. BuzzFeed has a 12-month low of $0.16 and a 12-month high of $0.80.

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

Institutional Investors Weigh In On BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. Monaco Asset Management SAM acquired a new position in shares of BuzzFeed, Inc. (NASDAQ:BZFD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned approximately 0.35% of BuzzFeed at the end of the most recent reporting period. 37.64% of the stock is owned by institutional investors and hedge funds.

About BuzzFeed

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.