Buzz Holdings L.P. Bcp Sells 7,477,500 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the stock in a transaction on 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 transaction, the insider 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 legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bumble Stock Performance

BMBL remained flat at $2.96 on Thursday. The company’s stock had a trading volume of 6,144,114 shares, compared to its average volume of 2,910,568. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $384.27 million, a P/E ratio of -0.51, a price-to-earnings-growth ratio of 0.10 and a beta of 1.89. Bumble Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $8.64. The firm’s fifty day moving average price is $3.45 and its 200-day moving average price is $3.41.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. The company had revenue of $212.38 million for 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 business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. Sell-side analysts anticipate that Bumble Inc. will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently made changes to their positions in BMBL. EFG International AG bought a new stake in Bumble in the 4th quarter valued at about $25,000. Wexford Capital LP acquired a new position in shares of Bumble during the third quarter worth approximately $31,000. HB Wealth Management LLC acquired a new position in shares of Bumble during the first quarter worth approximately $34,000. Oppenheimer & Co. Inc. bought a new stake in Bumble during the 4th quarter valued at $36,000. Finally, StoneX Group Inc. bought a new position in shares of Bumble in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BMBL. JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. Zacks Research upgraded shares of Bumble from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings downgraded shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on shares of Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Finally, UBS Group lifted their price objective on Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average 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.