Bumble Inc. $BMBL Shares Bought by RBF Capital LLC

RBF Capital LLC lifted its position in shares of Bumble Inc. (NASDAQ:BMBL) by 86.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 967,372 shares of the company’s stock after buying an additional 449,866 shares during the quarter. RBF Capital LLC’s holdings in Bumble were worth $3,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. EFG International AG purchased a new stake in Bumble in the 4th quarter worth approximately $25,000. Wexford Capital LP purchased a new position in shares of Bumble during the 3rd quarter worth $31,000. HB Wealth Management LLC purchased a new position in shares of Bumble during the 1st quarter worth $34,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Bumble during the fourth quarter worth $36,000. Finally, StoneX Group Inc. acquired a new stake in shares of Bumble during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Bumble Stock Performance

Bumble stock opened at $2.97 on Thursday. The stock’s 50-day moving average is $3.00 and its 200-day moving average is $3.29. The company has a market cap of $385.57 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of 0.10 and a beta of 1.86. 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 12 month low of $2.54 and a 12 month high of $7.95.

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 analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The company’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts anticipate that Bumble Inc. will post 1.03 earnings per share for the current year.

Insider Activity

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of Bumble stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This represents a 99.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,954,026 shares of company stock valued at $113,182,633 over the last quarter. 15.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BMBL shares. Raymond James Financial reiterated a “market perform” rating on shares of Bumble in a research note on Thursday, June 25th. UBS Group increased their price objective on shares of Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Bumble from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings lowered shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Finally, Citigroup cut their price target on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $4.33.

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.