Bumble (NASDAQ:BMBL) Director Sells $61,416.27 in Stock

Bumble Inc. (NASDAQ:BMBL) Director Sissie Hsiao sold 22,013 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the transaction, the director owned 126,687 shares in the company, valued at $353,456.73. This represents a 14.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Stock Performance

Shares of BMBL stock opened at $2.72 on Friday. The company has a market capitalization of $353.11 million, a P/E ratio of -0.47, a P/E/G ratio of 0.09 and a beta of 1.89. The business’s 50 day moving average is $3.48 and its two-hundred day moving average is $3.43. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Bumble Inc. has a 12-month low of $2.61 and a 12-month high of $8.64.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $212.38 million for the quarter, compared to the consensus estimate of $211.59 million. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.Bumble’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Analysts expect that Bumble Inc. will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

Hedge funds have recently made changes to their positions in the company. Wexford Capital LP acquired a new position in shares of Bumble during the third quarter valued at approximately $31,000. EFG International AG acquired a new position in shares of Bumble during the fourth quarter valued at approximately $25,000. Oppenheimer & Co. Inc. acquired a new position in shares of Bumble during the fourth quarter valued at approximately $36,000. StoneX Group Inc. acquired a new position in shares of Bumble during the fourth quarter valued at approximately $36,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Bumble during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Bumble from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 price target on shares of Bumble in a research report on Wednesday, May 6th. Susquehanna reiterated a “neutral” rating and set a $3.50 price target on shares of Bumble in a research report on Thursday, March 12th. Finally, Bank of America lowered their price target on Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.33.

Bumble Company Profile

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.