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 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 117,853 shares of the company’s stock, valued at $328,809.87. This trade represents a 15.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Stock Down 0.4%

Shares of NASDAQ BMBL opened at $2.72 on Friday. The business has a 50-day moving average of $3.48 and a two-hundred day moving average of $3.43. 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 Inc. has a 1 year low of $2.61 and a 1 year high of $8.64. The company has a market capitalization of $353.11 million, a price-to-earnings ratio of -0.47, a price-to-earnings-growth ratio of 0.09 and a beta of 1.89.

Bumble (NASDAQ:BMBL) last posted its earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $212.38 million for the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s revenue was down 14.1% compared to the same quarter last year. On average, analysts forecast that Bumble Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC increased its position in Bumble by 672.0% in the 1st quarter. Essential Partners LLC now owns 20,582 shares of the company’s stock valued at $67,000 after acquiring an additional 17,916 shares during the period. Bank of America Corp DE increased its position in Bumble by 16.7% during the 1st quarter. Bank of America Corp DE now owns 1,914,553 shares of the company’s stock worth $6,241,000 after purchasing an additional 274,548 shares during the period. RBF Capital LLC increased its position in Bumble by 86.9% during the 1st quarter. RBF Capital LLC now owns 967,372 shares of the company’s stock worth $3,154,000 after purchasing an additional 449,866 shares during the period. Amundi acquired a new position in Bumble during the 1st quarter worth approximately $74,000. Finally, Empowered Funds LLC increased its position in Bumble by 5.5% during the 1st quarter. Empowered Funds LLC now owns 546,785 shares of the company’s stock worth $1,783,000 after purchasing an additional 28,403 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 target price on shares of Bumble in a research report on Wednesday, May 6th. UBS Group lifted their target price on Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Susquehanna reiterated a “neutral” rating and set a $3.50 target price on shares of Bumble in a research report on Thursday, March 12th. TD Cowen reiterated a “hold” rating and set a $5.00 target price on shares of Bumble in a research report on Thursday, March 12th. Finally, Weiss Ratings cut Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price 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.