Cubist Systematic Strategies LLC Makes New Investment in BuzzFeed, Inc. (NASDAQ:BZFD)

Cubist Systematic Strategies LLC bought a new position in BuzzFeed, Inc. (NASDAQ:BZFD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,570 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds have also bought and sold shares of the business. Seven Post Investment Office LP purchased a new position in BuzzFeed in the 2nd quarter worth about $1,881,000. Baader Bank Aktiengesellschaft purchased a new position in BuzzFeed in the 2nd quarter worth about $475,000. Finally, Dimensional Fund Advisors LP purchased a new position in BuzzFeed in the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.

BuzzFeed Stock Down 2.3 %

NASDAQ BZFD opened at $2.52 on Thursday. BuzzFeed, Inc. has a 52 week low of $0.64 and a 52 week high of $4.56. The firm has a market capitalization of $92.25 million, a P/E ratio of -1.02 and a beta of 3.35. The company has a 50-day moving average price of $2.64 and a 200-day moving average price of $2.41.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.18) EPS for the quarter. BuzzFeed had a negative net margin of 28.24% and a negative return on equity of 45.51%. The business had revenue of $46.93 million for the quarter.

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.