Insider Selling: Bumble (NASDAQ:BMBL) Director Sells 22,013 Shares of Stock

Bumble Inc. (NASDAQ:BMBL) Director Ann Mather sold 22,013 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total transaction of $61,416.27. Following the completion of the transaction, the director directly owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. This represents a 15.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Trading Up 0.9%

Shares of Bumble stock traded up $0.03 during trading on Thursday, reaching $2.74. The company’s stock had a trading volume of 2,479,407 shares, compared to its average volume of 3,636,198. Bumble Inc. has a 52-week low of $2.61 and a 52-week high of $8.64. The company has a market cap of $355.06 million, a price-to-earnings ratio of -0.47, a PEG ratio of 0.10 and a beta of 1.89. The firm’s 50-day moving average is $3.51 and its two-hundred day moving average is $3.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58.

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

Institutional Trading of Bumble

A number of institutional investors have recently made changes to their positions in BMBL. EFG International AG bought a new stake in Bumble in the fourth quarter worth $25,000. Wexford Capital LP bought a new stake in Bumble in the third quarter worth $31,000. HB Wealth Management LLC bought a new stake in Bumble in the first quarter worth $34,000. Oppenheimer & Co. Inc. bought a new stake in Bumble in the fourth quarter worth $36,000. Finally, StoneX Group Inc. bought a new stake in Bumble in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group upped 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. Zacks Research upgraded shares of Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bumble in a research note on Monday, March 16th. Bank of America decreased their price target on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. upgraded shares of Bumble from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $4.33.

Bumble Company 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.