Traders Buy Large Volume of Call Options on Bumble (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL) was the recipient of some unusual options trading on Thursday. Traders bought 13,251 call options on the stock. This is an increase of 360% compared to the typical volume of 2,881 call options.

Bumble Trading Up 2.7%

NASDAQ:BMBL traded up $0.07 during trading hours on Thursday, reaching $2.79. 9,521,428 shares of the stock were exchanged, compared to its average volume of 3,716,011. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $3.40 and a two-hundred day moving average of $3.39. Bumble has a twelve month low of $2.54 and a twelve month high of $8.64. The company has a market capitalization of $362.72 million, a price-to-earnings ratio of -0.47, a PEG ratio of 0.10 and a beta of 1.89.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. The business had revenue of $212.38 million during 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%.The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, equities analysts predict that Bumble will post 0.99 EPS for the current year.

Insider Transactions at Bumble

In other news, Director Ann Mather sold 22,013 shares of the firm’s 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 transaction, the director directly owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. This trade represents a 15.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Holdings Gp Man Blackstone III sold 7,477,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 29,954,026 shares of company stock worth $113,182,633 in the last quarter. 15.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently bought and sold shares of the company. Wexford Capital LP purchased a new position in shares of Bumble in the third quarter valued at approximately $31,000. EFG International AG acquired a new position in shares of Bumble in the fourth quarter worth $25,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Bumble during the fourth quarter worth $36,000. StoneX Group Inc. acquired a new stake in shares of Bumble in the fourth quarter valued at $36,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Bumble in the 4th quarter valued at about $37,000. 94.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BMBL has been the topic of several analyst reports. TD Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of Bumble in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bumble in a research report on Monday, March 16th. Zacks Research raised Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 price target on shares of Bumble in a report on Wednesday, May 6th. Finally, Wells Fargo & Company cut 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. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus 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.