Bumble Inc. $BMBL Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Bumble Inc. (NASDAQ:BMBL) by 314.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 609,226 shares of the company’s stock after purchasing an additional 462,251 shares during the quarter. Principal Financial Group Inc.’s holdings in Bumble were worth $1,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Tudor Investment Corp ET AL bought a new position in Bumble during the third quarter valued at approximately $6,013,000. Militia Capital Partners LP bought a new stake in Bumble in the 4th quarter worth approximately $1,080,000. PDT Partners LLC raised its holdings in shares of Bumble by 28.8% during the 2nd quarter. PDT Partners LLC now owns 957,624 shares of the company’s stock worth $6,311,000 after acquiring an additional 213,881 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Bumble by 139.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 23,900 shares of the company’s stock worth $158,000 after acquiring an additional 13,900 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Bumble by 140.0% during the 2nd quarter. Quantinno Capital Management LP now owns 39,478 shares of the company’s stock valued at $260,000 after acquiring an additional 23,026 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Price Performance

Shares of Bumble stock opened at $2.91 on Friday. The stock has a market cap of $377.78 million, a price-to-earnings ratio of -0.50, 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 quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day moving average price of $2.99 and a 200-day moving average price of $3.29. Bumble Inc. has a one year low of $2.54 and a one year high of $7.95.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09. The company had revenue of $212.38 million for the quarter, compared to analyst estimates of $211.59 million. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.Bumble’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities analysts expect that Bumble Inc. will post 1.03 EPS for the current year.

Insider Buying and Selling at Bumble

In other news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This trade represents a 99.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 29,954,026 shares of company stock valued at $113,182,633. Insiders own 15.35% of the company’s stock.

Analyst Upgrades and Downgrades

BMBL has been the subject of a number of recent research reports. Citigroup cut their target price on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Weiss Ratings downgraded shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 price objective on shares of Bumble in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Bumble from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Raymond James Financial restated a “market perform” rating on shares of Bumble in a report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.33.

Bumble 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.