Bumble (NASDAQ:BMBL) Major Shareholder – Nq L.L.C. Btoa Sells 2,763,510 Shares of Company Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder – Nq L.L.C. Btoa sold 2,763,510 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $3.54, for a total transaction of $9,782,825.40. Following the transaction, the insider owned 13,733 shares in the company, valued at $48,614.82. This represents a 99.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

– Nq L.L.C. Btoa also recently made the following trade(s):

• On Monday, September 28th, – Nq L.L.C. Btoa sold 3,767,776 shares of Bumble stock. The shares were sold at an average price of $2.94, for a total transaction of $11,077,261.44.

Bumble Trading Up 0.3%

Shares of NASDAQ:BMBL opened at $5.97 on Thursday. The stock has a market capitalization of $787.86 million, a PE ratio of -1.41 and a beta of 1.88. Bumble Inc. has a 1 year low of $2.44 and a 1 year high of $5.98. The firm has a fifty day moving average price of $2.90 and a 200 day moving average price of $3.14. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.65.

Bumble (NASDAQ:BMBL) last posted its earnings results on Wednesday, August 5th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.09). Bumble had a positive return on equity of 35.88% and a negative net margin of 58.99%. The business had revenue of $210.53 million for the quarter, compared to analyst estimates of $210.46 million. During the same period in the previous year, the company earned ($2.45) earnings per share. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. Analysts expect that Bumble Inc. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

Large investors have recently made changes to their positions in the business. Accel Growth Fund V Associates L.L.C. bought a new stake in Bumble during the 2nd quarter valued at approximately $16,174,499. Renaissance Technologies LLC increased its position in Bumble by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock worth $13,737,000 after buying an additional 1,378,487 shares during the period. Pacer Advisors Inc. bought a new position in Bumble in the 1st quarter worth approximately $2,039,000. Principal Financial Group Inc. increased its position in Bumble by 314.5% in the 1st quarter. Principal Financial Group Inc. now owns 609,226 shares of the company’s stock worth $1,986,000 after buying an additional 462,251 shares during the period. Finally, RBF Capital LLC lifted its holdings in shares of Bumble by 86.9% during the first quarter. RBF Capital LLC now owns 967,372 shares of the company’s stock worth $3,154,000 after buying an additional 449,866 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BMBL shares. Wells Fargo & Company decreased their price target on Bumble from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group cut their price objective on Bumble from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Susquehanna cut their price objective on Bumble from $3.50 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Weiss Ratings upgraded Bumble from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Bumble in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $4.12.

Bumble News Summary

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Ithaca will pay Bumble shareholders $6.05 per Class A share, representing an approximately 138% premium to Bumble’s unaffected October 9 closing price. The transaction provides a defined cash-exit value and would take Bumble private. Bumble acquisition announcement
• Positive Sentiment: The announced premium has driven a major repricing in BMBL, with reports describing the stock as up roughly 138% for the week. The deal also reduces investor exposure to Bumble’s ongoing turnaround challenges, including weak user engagement and declining paying users. Reuters Bumble take-private report
• Neutral Sentiment: BMBL is trading close to the proposed $6.05 consideration, leaving only a relatively small spread for investors. Further upside may therefore depend on deal completion rather than Bumble’s standalone operating performance. The transaction remains subject to customary closing conditions and shareholder approval. Yahoo Finance acquisition report
• Negative Sentiment: Several law firms, including Bleichmar Fonti & Auld, Kahn Swick & Foti, and Ademi, have announced investigations into whether the $6.05 price and sale process fairly value Bumble and adequately protect shareholders. These announcements are typically investor solicitations and do not establish wrongdoing, but they could create litigation, delay, or additional uncertainty around the merger. BFA Law Bumble investigation

About Bumble

Bumble Inc is a technology company that operates a portfolio of online dating and social networking platforms. Its flagship Bumble app is designed to help people make meaningful connections, including romantic relationships, friendships and professional contacts. A distinctive feature of Bumble’s dating service has historically given women greater control over initiating conversations in heterosexual matches.

The company also operates Badoo, an online dating platform with a significant international presence, and Bumble For Friends, a service focused on helping users build platonic friendships.