Bumble Inc. $BMBL Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in Bumble Inc. (NASDAQ:BMBL) by 191.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 49,587 shares of the company’s stock after buying an additional 32,575 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Bumble were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BMBL. Nordea Investment Management AB acquired a new position in Bumble in the 2nd quarter valued at about $7,337,000. Federated Hermes Inc. purchased a new position in shares of Bumble in the first quarter valued at approximately $3,231,000. PDT Partners LLC grew its holdings in shares of Bumble by 242.6% in the first quarter. PDT Partners LLC now owns 743,743 shares of the company’s stock valued at $3,228,000 after purchasing an additional 526,629 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Bumble by 409.3% in the first quarter. Royal Bank of Canada now owns 325,121 shares of the company’s stock valued at $1,410,000 after purchasing an additional 261,281 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Bumble by 45.2% during the 1st quarter. Invesco Ltd. now owns 278,346 shares of the company’s stock worth $1,208,000 after buying an additional 86,600 shares during the period. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bumble

In other news, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Whitney Wolfe Herd sold 1,365,116 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $8,545,626.16. Following the completion of the transaction, the chief executive officer owned 1,598,258 shares of the company’s stock, valued at approximately $10,005,095.08. The trade was a 46.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,127,359 shares of company stock valued at $426,476,076 over the last three months. 15.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on BMBL shares. Royal Bank Of Canada cut shares of Bumble from a “moderate buy” rating to a “hold” rating and decreased their price target for the company from $7.50 to $5.00 in a research report on Thursday. Morgan Stanley lifted their target price on Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Wells Fargo & Company lowered their target price on Bumble from $7.00 to $5.50 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group reduced their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Zacks Research upgraded Bumble to a “hold” rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bumble has an average rating of “Reduce” and an average price target of $5.79.

Bumble Stock Performance

NASDAQ:BMBL opened at $4.26 on Friday. Bumble Inc. has a 12 month low of $3.55 and a 12 month high of $9.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.30 and a quick ratio of 3.30. The firm has a market capitalization of $443.09 million, a PE ratio of 3.80, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93. The business’s fifty day moving average price is $5.99 and its 200 day moving average price is $6.04.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bumble had a positive return on equity of 10.42% and a negative net margin of 19.82%.The business had revenue of $246.16 million for the quarter, compared to analysts’ expectations of $244.19 million. During the same period last year, the firm earned ($5.11) earnings per share. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Bumble has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

Bumble Profile

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.