Bumble Target of Unusually Large Options Trading (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL) saw some unusual options trading activity on Thursday. Investors bought 13,251 call options on the company. This is an increase of 360% compared to the average volume of 2,881 call options.

Analyst Ratings Changes

Several equities analysts have commented on BMBL shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.00 price target on shares of Bumble in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Bumble from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Susquehanna reaffirmed a “neutral” rating and issued a $3.50 target price on shares of Bumble in a research report on Thursday, March 12th. Citigroup cut their price target on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, Bank of America reduced their price target on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Bumble currently has an average rating of “Reduce” and an average price target of $4.33.

Bumble Stock Performance

BMBL stock traded up $0.07 on Thursday, hitting $2.79. The company’s stock had a trading volume of 9,521,428 shares, compared to its average volume of 3,716,011. The firm has a 50 day moving average of $3.40 and a two-hundred day moving average of $3.39. Bumble has a 1 year low of $2.54 and a 1 year high of $8.64. The stock has a market cap of $362.72 million, a price-to-earnings ratio of -0.47, a price-to-earnings-growth ratio of 0.10 and a beta of 1.89. 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 (NASDAQ:BMBL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 72.04% and a positive return on equity of 32.66%. Bumble’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. Equities analysts predict that Bumble will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of Bumble stock in a transaction on 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 sale, the insider directly owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings Gp Man Blackstone III sold 7,477,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the transaction, the insider directly owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,954,026 shares of company stock worth $113,182,633. 15.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after acquiring an additional 3,820,205 shares during the last quarter. Saba Capital Management L.P. grew its stake in shares of Bumble by 52.6% in the 4th quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock valued at $19,055,000 after purchasing an additional 1,838,923 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bumble by 10.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock valued at $29,735,000 after purchasing an additional 466,646 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bumble by 48.6% in the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after purchasing an additional 1,378,487 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Bumble by 36.2% in the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock valued at $15,396,000 after purchasing an additional 671,907 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.