Sissie Hsiao Sells 22,013 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) Director Sissie Hsiao sold 22,013 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total value of $61,416.27. Following the completion of the transaction, the director directly owned 126,687 shares of the company’s stock, valued at $353,456.73. This represents a 14.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Trading Down 0.4%

Shares of BMBL opened at $2.72 on Friday. The company has a market capitalization of $353.11 million, a P/E ratio of -0.47, a P/E/G ratio of 0.09 and a beta of 1.89. Bumble Inc. has a one year low of $2.61 and a one year 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 stock has a 50-day moving average price of $3.48 and a 200 day moving average price of $3.43.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $212.38 million during the quarter, compared to the consensus estimate of $211.59 million. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.Bumble’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Sell-side analysts forecast that Bumble Inc. will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BMBL. EFG International AG acquired a new position in shares of Bumble during the fourth quarter worth approximately $25,000. Wexford Capital LP bought a new position in Bumble during the third quarter valued at about $31,000. HB Wealth Management LLC bought a new position in Bumble during the first quarter valued at about $34,000. Oppenheimer & Co. Inc. bought a new position in Bumble during the fourth quarter valued at about $36,000. Finally, StoneX Group Inc. bought a new position in Bumble during the fourth quarter valued at about $36,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BMBL. Citigroup lowered their target price on Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $5.00 target price on shares of Bumble in a report on Wednesday, May 6th. Wall Street Zen cut Bumble from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Wells Fargo & Company reduced their price objective 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. Finally, BTIG Research reissued a “neutral” rating on shares of Bumble in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price 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.