BuzzFeed Target of Unusually Large Options Trading (NASDAQ:BZFD)

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of some unusual options trading activity on Tuesday. Traders bought 6,233 call options on the stock. This represents an increase of approximately 2,095% compared to the average daily volume of 284 call options.

BuzzFeed Trading Down 5.8%

NASDAQ:BZFD opened at $1.31 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.90 and a current ratio of 0.78. The firm has a market cap of $49.31 million, a price-to-earnings ratio of -0.82 and a beta of 3.40. BuzzFeed has a 52 week low of $0.54 and a 52 week high of $2.68. The firm has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.91.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.13). The firm had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Institutional Investors Weigh In On BuzzFeed

Several large investors have recently modified their holdings of the stock. Panagora Asset Management Inc. increased its stake in shares of BuzzFeed by 60.8% during the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock worth $100,000 after purchasing an additional 40,617 shares during the last quarter. State Street Corp increased its stake in shares of BuzzFeed by 18.9% during the 4th quarter. State Street Corp now owns 96,328 shares of the company’s stock worth $90,000 after purchasing an additional 15,300 shares during the last quarter. Shay Capital LLC increased its stake in shares of BuzzFeed by 115.1% during the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after purchasing an additional 95,879 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of 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 during the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of BuzzFeed during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.

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.