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

Bumble Inc. (NASDAQ:BMBL) Director Ann Mather sold 22,013 shares of Bumble stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director directly owned 117,853 shares of the company’s stock, valued at $328,809.87. The trade was a 15.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Trading Up 0.9%

NASDAQ BMBL traded up $0.03 on Thursday, hitting $2.74. 2,479,407 shares of the stock were exchanged, compared to its average volume of 3,636,198. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $3.44. The firm has a market capitalization of $355.06 million, a P/E ratio of -0.47, a P/E/G ratio of 0.10 and a beta of 1.89. Bumble Inc. has a 52-week low of $2.61 and a 52-week high of $8.64.

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

Institutional Investors Weigh In On Bumble

Several hedge funds have recently bought and sold shares of BMBL. EFG International AG purchased a new stake in Bumble in the 4th quarter worth approximately $25,000. Wexford Capital LP purchased a new stake in Bumble in the 3rd quarter worth approximately $31,000. HB Wealth Management LLC purchased a new stake in Bumble in the 1st quarter worth approximately $34,000. Oppenheimer & Co. Inc. purchased a new stake in Bumble in the 4th quarter worth approximately $36,000. Finally, StoneX Group Inc. purchased a new stake in Bumble in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on BMBL shares. Bank of America reduced their target price on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a report on Thursday, March 12th. Morgan Stanley boosted their target price on shares of Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. TD Cowen reiterated a “hold” rating and issued a $5.00 target price on shares of Bumble in a report on Thursday, March 12th. Wells Fargo & Company cut their price objective on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Finally, William Blair restated an “outperform” rating on shares of Bumble in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Bumble has an average rating of “Reduce” and a consensus target price of $4.33.

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.