Pacer Advisors Inc. Makes New $2.04 Million Investment in Bumble Inc. $BMBL

Pacer Advisors Inc. bought a new position in shares of Bumble Inc. (NASDAQ:BMBL) during the 1st quarter, HoldingsChannel reports. The fund bought 625,376 shares of the company’s stock, valued at approximately $2,039,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Bumble by 314.5% in the first quarter. Principal Financial Group Inc. now owns 609,226 shares of the company’s stock valued at $1,986,000 after purchasing an additional 462,251 shares during the last quarter. RBF Capital LLC boosted its stake in Bumble by 86.9% during the first quarter. RBF Capital LLC now owns 967,372 shares of the company’s stock worth $3,154,000 after buying an additional 449,866 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Bumble by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after buying an additional 1,378,487 shares in the last quarter. Militia Capital Partners LP purchased a new stake in Bumble in the 4th quarter valued at $1,080,000. Finally, R Squared Ltd acquired a new stake in shares of Bumble in the 1st quarter worth $48,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Bumble

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Bumble’s second-quarter adjusted earnings reportedly exceeded Wall Street expectations, with earnings of $0.45 per share versus the $0.25 consensus estimate. Revenue was approximately $210.5 million, broadly matching forecasts. Bumble Inc. Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company is promoting its newer Plans app, which is designed to facilitate low-pressure, in-person group meetups. Early traction and a shift away from traditional swiping could help Bumble attract younger users and diversify engagement over time. Bumble teases a swipe-free future as it doubles down on IRL meetups
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $5.00 to $4.00 while maintaining a “sector perform” rating. Wells Fargo also reduced its target to $4.00 and kept an “equal weight” rating, indicating analysts see upside but remain cautious. Benzinga analyst updates
• Negative Sentiment: Bumble forecast third-quarter revenue of $205 million to $213 million, reflecting continued growth concerns. Management expects marketing investment to support user acquisition, with an approximately 28% adjusted EBITDA margin midpoint. Bumble Q3 revenue outlook
• Negative Sentiment: Reuters reported that Bumble’s paying-user base declined, contributing to a downbeat quarterly revenue forecast. The company’s revenue also fell year over year, intensifying concerns about competition, user monetization and the effectiveness of its turnaround strategy. Bumble forecasts downbeat quarterly revenue as paying users drop
• Negative Sentiment: Susquehanna cut its target from $3.50 to $3.00 and Goldman Sachs reduced its target from $5.00 to $3.50; both firms rated the stock “neutral.” The broad wave of target reductions is likely weighing on investor sentiment. Benzinga analyst updates

Insider Transactions at Bumble

In other Bumble news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the transaction, the insider directly owned 19,374 shares in the company, valued at $73,233.72. This represents a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 22,013 shares of the firm’s stock in a transaction 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 117,853 shares of the company’s stock, valued at approximately $328,809.87. This represents a 15.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,954,026 shares of company stock worth $113,182,633 in the last three months. Company insiders own 15.35% of the company’s stock.

Bumble Trading Down 0.7%

Shares of BMBL stock opened at $2.83 on Friday. Bumble Inc. has a 1-year low of $2.54 and a 1-year high of $7.37. The firm has a market cap of $367.39 million, a PE ratio of -0.67, a price-to-earnings-growth ratio of 0.09 and a beta of 1.87. The company has a 50-day moving average of $2.97 and a two-hundred day moving average of $3.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.09). Bumble had a negative net margin of 58.99% and a positive return on equity of 33.68%. The company had revenue of $210.53 million during the quarter, compared to analysts’ expectations of $210.46 million. During the same period last year, the firm posted ($2.45) earnings per share. Bumble’s revenue was down 15.2% on a year-over-year basis. On average, analysts predict that Bumble Inc. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Susquehanna reduced their price target on Bumble from $3.50 to $3.00 and set a “neutral” rating on the stock in a report on Friday. UBS Group upped their price objective on shares of Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of Bumble from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup decreased their target price 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. Finally, Wall Street Zen cut shares of Bumble from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.99.

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.