– Nq L.L.C. Btoa Sells 7,477,500 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of Bumble 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 transaction, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Bumble Price Performance

Shares of NASDAQ:BMBL opened at $2.96 on Friday. The company’s fifty day moving average is $3.44 and its two-hundred day moving average is $3.41. The company has a market cap of $384.27 million, a P/E ratio of -0.51, a price-to-earnings-growth ratio of 0.10 and a beta of 1.89. Bumble Inc. has a 12-month low of $2.61 and a 12-month high of $8.64. 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 issued its 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. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The business had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter last year, the firm posted $0.13 earnings per share. Bumble’s revenue was down 14.1% compared to the same quarter last year. Equities analysts expect that Bumble Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bumble

A number of hedge funds have recently modified their holdings of BMBL. Cerity Partners LLC lifted its stake in shares of Bumble by 16.7% in the 2nd quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after purchasing an additional 2,857 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Bumble by 19.8% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock worth $92,000 after buying an additional 4,270 shares during the last quarter. State of Wyoming increased its position in Bumble by 59.8% during the fourth quarter. State of Wyoming now owns 12,017 shares of the company’s stock worth $43,000 after buying an additional 4,499 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in Bumble by 7.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 65,798 shares of the company’s stock valued at $235,000 after buying an additional 4,832 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in shares of Bumble in the third quarter worth about $31,000. 94.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BMBL has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a research report on Thursday, March 12th. William Blair reiterated an “outperform” rating on shares of Bumble in a report on Monday, March 16th. Weiss Ratings downgraded Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. Zacks Research raised shares of Bumble from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company decreased their price target on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.