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BuzzFeed, Inc. Posts Strong Q2 Financial Results and Expects Continued Improvement in Q3
Business Wire (Mon, 12-Aug 4:19 PM ET)
BuzzFeed, Inc. to Release Second Quarter 2024 Financial Results on Monday, August 12, 2024
Business Wire (Thu, 11-Jul 4:30 PM ET)
BuzzFeed Inc is a tech-powered, diversified media company that reaches hundreds of millions globally through its cross-platform news and entertainment network. The company produces articles, lists, quizzes, videos, and original series; lifestyle content through brands including Tasty, social food network; original reporting and investigative journalism through BuzzFeed News and HuffPost; an industry- affiliate business, strategic partnerships, licensing and product development through BuzzFeed Commerce; and original productions across broadcast, cable, SVOD, film and digital platforms for BuzzFeed Studios.
Buzzfeed - Class A trades on the NASDAQ stock market under the symbol BZFD.
As of September 27, 2024, BZFD stock price declined to $2.76 with 187,740 million shares trading.
BZFD has a beta of 1.80, meaning it tends to be more sensitive to market movements. BZFD has a correlation of 0.06 to the broad based SPY ETF.
BZFD has a market cap of $104.31 million. This is considered a Micro Cap stock.
The top ETF exchange traded funds that BZFD belongs to (by Net Assets): VTI, VXF, DFAC, AVSC, DXUV.
BZFD has outperformed the market in the last year with a price return of +111.7% while the SPY ETF gained +35.8%. However, in the short term, BZFD had mixed performance relative to the market. It has underperformed in the last 3 months, returning -13.2% vs +5.1% return in SPY. But in the last 2 weeks, BZFD shares have fared better than the market returning +10.0% compared to SPY +2.5%.
BZFD support price is $2.69 and resistance is $2.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BZFD shares will trade within this expected range on the day.