Bumble (NASDAQ:BMBL) Major Shareholder – Nq L.L.C. Btoa Sells 7,477,504 Shares

Bumble Inc. (NASDAQ:BMBL) major shareholder – Nq L.L.C. Btoa sold 7,477,504 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares of the company’s stock, valued at $90,670.32. The trade was a 99.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Bumble Trading Down 1.1%

Shares of NASDAQ BMBL opened at $3.74 on Friday. Bumble Inc. has a twelve month low of $2.61 and a twelve month high of $8.64. The firm has a market cap of $421.65 million, a PE ratio of -0.62, a price-to-earnings-growth ratio of 0.13 and a beta of 1.96. The business has a fifty day simple moving average of $3.28 and a two-hundred day simple moving average of $4.32. The company has a quick ratio of 3.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.86.

Institutional Investors Weigh In On Bumble

A number of hedge funds and other institutional investors have recently bought and sold shares of BMBL. Wexford Capital LP acquired a new stake in Bumble in the third quarter valued at approximately $31,000. EFG International AG acquired a new position in shares of Bumble during the fourth quarter worth $25,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Bumble during the 4th quarter valued at $36,000. StoneX Group Inc. purchased a new stake in shares of Bumble during the 4th quarter valued at $36,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Bumble in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

BMBL has been the subject of a number of research reports. Wells Fargo & Company lowered their price objective on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bumble in a research report on Monday, December 29th. Jefferies Financial Group reduced their price target on shares of Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 11th. TD Cowen reiterated a “hold” rating and set a $5.00 price objective on shares of Bumble in a research note on Thursday, March 12th. Finally, BTIG Research reissued a “neutral” rating on shares of Bumble in a research note on Monday. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $4.34.

About Bumble

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.