Bumble (NASDAQ:BMBL) Major Shareholder Bx Buzz Ml-1 Gp Llc Sells 7,477,500 Shares of Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the transaction, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Bumble Stock Performance

Bumble stock remained flat at $2.96 during trading hours on Thursday. 6,144,114 shares of the company’s stock traded hands, compared to its average volume of 2,910,568. The stock has a market capitalization of $384.27 million, a PE ratio of -0.51, a P/E/G ratio of 0.10 and a beta of 1.89. The stock has a 50 day moving average of $3.45 and a 200-day moving average of $3.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. Bumble Inc. has a 1 year low of $2.61 and a 1 year high of $8.64.

Bumble (NASDAQ:BMBL) last announced its earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. The business 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 was down 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, equities analysts predict that Bumble Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bumble

Several hedge funds have recently added to or reduced their stakes in BMBL. EFG International AG acquired a new stake in Bumble in the fourth quarter worth about $25,000. Wexford Capital LP acquired a new position in Bumble during the 3rd quarter valued at about $31,000. HB Wealth Management LLC bought a new position in shares of Bumble in the 1st quarter valued at about $34,000. Oppenheimer & Co. Inc. bought a new position in shares of Bumble in the 4th quarter valued at about $36,000. Finally, StoneX Group Inc. acquired a new stake in shares of Bumble during the 4th quarter worth approximately $36,000. Institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BMBL shares. JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. Bank of America reduced their price target on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. Citigroup decreased their price objective on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Zacks Research upgraded shares of Bumble from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Bumble from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.