Bumble (NASDAQ:BMBL) Major Shareholder Bx Buzz Ml-1 Gp Llc Sells 7,477,500 Shares of Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the firm’s 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 transaction, the insider directly owned 19,374 shares of the company’s stock, valued at $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bumble Stock Performance

Shares of NASDAQ BMBL opened at $2.96 on Friday. The company has a market cap of $384.27 million, a P/E ratio of -0.51, a P/E/G ratio of 0.10 and a beta of 1.89. Bumble Inc. has a 52-week low of $2.61 and a 52-week high of $8.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $3.45 and its two-hundred day moving average is $3.41.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The business had revenue of $212.38 million during 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%. The business’s revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, analysts anticipate that Bumble Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BMBL has been the subject of a number of research reports. UBS Group increased their price target on Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. TD Cowen reaffirmed a “hold” rating and set a $5.00 price objective on shares of Bumble in a report on Thursday, March 12th. William Blair reiterated an “outperform” rating on shares of Bumble in a research report on Monday, March 16th. Finally, Wells Fargo & Company lowered their target price on Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $4.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cerity Partners LLC grew its position in Bumble by 16.7% in the second quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock worth $132,000 after acquiring an additional 2,857 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in Bumble by 19.8% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock valued at $92,000 after purchasing an additional 4,270 shares during the period. State of Wyoming lifted its stake in shares of Bumble by 59.8% in the 4th quarter. State of Wyoming now owns 12,017 shares of the company’s stock valued at $43,000 after purchasing an additional 4,499 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Bumble by 7.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,798 shares of the company’s stock valued at $235,000 after purchasing an additional 4,832 shares during the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Bumble in the 3rd quarter worth approximately $31,000. Institutional investors own 94.85% of the company’s stock.

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.