Bumble (NASDAQ:BMBL) Major Shareholder Sells $26,246,039.04 in Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares in the company, valued at $90,670.32. This represents a 99.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Bumble Trading Down 4.5%

Shares of BMBL opened at $3.57 on Friday. The stock has a market capitalization of $402.48 million, a PE ratio of -0.59, a P/E/G ratio of 0.12 and a beta of 1.96. The company’s fifty day moving average is $3.29 and its 200 day moving average is $4.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.55 and a current ratio of 2.21. Bumble Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $8.64.

Bumble News Summary

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Seeking Alpha makes a bullish case that Bumble’s repurchase of a Tax Receivable Agreement unlocked $400M+ of future tax savings, boosting free cash flow and implying a very high FCF yield that could support upside from a valuation perspective. Article Title
• Neutral Sentiment: Reported short-interest data for March looks inconsistent (shows 0 shares / NaN change), suggesting the available short-interest reporting is unreliable right now and not a clear driver in either direction.
• Negative Sentiment: Multiple affiliated major holders (Buzz Holdings L.P. Bcp / Blackstone-related entities) disclosed selling 7,477,504 shares on March 17 at about $3.51 — a ~99.66% reduction in those positions. Large insider/affiliate sales at current prices increase near-term supply and are a clear negative signal for sentiment and liquidity. Article Title
• Negative Sentiment: Coverage and analyst tone remain cautious: recent write-ups flag user and growth challenges, and consensus analyst positioning on MarketBeat shows more Holds/Sells than Buys (consensus “Reduce”), with several price-target cuts/neutral ratings — pressure on sentiment and price targets. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BMBL shares. Zacks Research raised shares of Bumble from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. UBS Group restated a “neutral” rating and set a $4.00 price objective on shares of Bumble in a research report on Friday, March 13th. Susquehanna reaffirmed a “neutral” rating and issued a $3.50 price objective on shares of Bumble in a research note on Thursday, March 12th. Bank of America dropped their target price on Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a report on Thursday, March 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $5.00 target price on shares of Bumble in a research report on Thursday, March 12th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.34.

Hedge Funds Weigh In On Bumble

A number of hedge funds have recently added to or reduced their stakes in the stock. EFG International AG purchased a new position in shares of Bumble during the fourth quarter worth approximately $25,000. Wexford Capital LP bought a new position in Bumble in the third quarter worth approximately $31,000. Oppenheimer & Co. Inc. bought a new position in Bumble in the fourth quarter worth approximately $36,000. StoneX Group Inc. purchased a new position in Bumble during the 4th quarter worth $36,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Bumble during the 4th quarter valued at $37,000. 94.85% of the stock is currently owned by institutional investors.

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.