Militia Capital Partners LP Purchases Shares of 302,604 Bumble Inc. $BMBL

Militia Capital Partners LP purchased a new stake in shares of Bumble Inc. (NASDAQ:BMBL) during the fourth quarter, HoldingsChannel reports. The fund purchased 302,604 shares of the company’s stock, valued at approximately $1,080,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wexford Capital LP bought a new stake in Bumble during the third quarter valued at about $31,000. Oppenheimer & Co. Inc. bought a new stake in Bumble during the fourth quarter valued at about $36,000. StoneX Group Inc. bought a new stake in Bumble during the fourth quarter valued at about $36,000. Focus Partners Advisor Solutions LLC bought a new stake in Bumble during the fourth quarter valued at about $37,000. Finally, State of Wyoming raised its holdings in Bumble by 59.8% during the fourth quarter. State of Wyoming now owns 12,017 shares of the company’s stock valued at $43,000 after acquiring an additional 4,499 shares during the period. 94.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley raised their price target on Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. William Blair reissued an “outperform” rating on shares of Bumble in a report on Monday, March 16th. Bank of America decreased their price target on Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a report on Thursday, March 12th. Weiss Ratings cut Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Bumble in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $4.33.

Insider Activity

In other news, Director Sissie L. Hsiao sold 22,013 shares of Bumble stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the sale, the director directly owned 126,687 shares of the company’s stock, valued at approximately $353,456.73. The trade was a 14.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Mather sold 22,013 shares of Bumble stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the completion of the sale, the director directly owned 117,853 shares in the company, valued at $328,809.87. This trade represents a 15.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.35% of the company’s stock.

Bumble Trading Up 4.1%

Shares of BMBL stock opened at $3.06 on Wednesday. Bumble Inc. has a 12-month low of $2.61 and a 12-month high of $8.64. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.42. The stock has a market capitalization of $397.25 million, a price-to-earnings ratio of -0.52, a price-to-earnings-growth ratio of 0.10 and a beta of 1.89.

Bumble (NASDAQ:BMBL) last issued its earnings results 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. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The firm had revenue of $212.38 million for the quarter, compared to analysts’ expectations of $211.59 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was down 14.1% compared to the same quarter last year. Equities research analysts predict that Bumble Inc. will post 0.99 EPS for the current fiscal year.

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.