Bx Buzz Ml-1 Gp Llc Sells 7,477,500 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction dated 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 sale, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bumble Price Performance

BMBL stock opened at $2.96 on Friday. 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 capitalization of $384.27 million, a P/E ratio of -0.51, a P/E/G 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 business has a 50-day moving average of $3.44 and a 200-day moving average of $3.41.

Bumble (NASDAQ:BMBL) last announced its earnings results 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. The business had revenue of $212.38 million for 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%.Bumble’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. On average, sell-side analysts anticipate that Bumble Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bumble

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Bumble by 52.0% in the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after buying an additional 3,820,205 shares in the last quarter. Saba Capital Management L.P. raised its position in Bumble by 52.6% during the fourth quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock worth $19,055,000 after acquiring an additional 1,838,923 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Bumble by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock worth $29,735,000 after acquiring an additional 466,646 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Bumble by 48.6% in the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after acquiring an additional 1,378,487 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Bumble by 36.2% in the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock valued at $15,396,000 after acquiring an additional 671,907 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BMBL. UBS Group increased their target price on shares of Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup cut their price target on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of Bumble from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. TD Cowen restated a “hold” rating and issued a $5.00 price objective on shares of Bumble in a report on Thursday, March 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $5.00 target price on shares of Bumble in a research report on Wednesday, May 6th. 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’s stock. According to MarketBeat, the stock has a consensus 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.