Buzz Holdings L.P. Bcp Sells 7,477,500 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of Bumble stock in a transaction dated Tuesday, June 16th. The shares were 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 of the company’s stock, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Bumble Price Performance

BMBL opened at $2.96 on Friday. The firm has a market cap of $384.27 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth 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 company’s 50-day moving average price is $3.44 and its 200 day moving average price is $3.41. 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $212.38 million for the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter last year, the company posted $0.13 earnings per share. Bumble’s revenue was down 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Bumble Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

BMBL has been the topic of several recent research reports. Morgan Stanley raised their price target on Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. William Blair restated an “outperform” rating on shares of Bumble in a research note on Monday, March 16th. BTIG Research reaffirmed a “neutral” rating on shares of Bumble in a research report on Monday, March 16th. Wells Fargo & Company cut their target price on Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, Bank of America reduced their price target on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.33.

Institutional Investors Weigh In On Bumble

Hedge funds have recently made changes to their positions in the business. EFG International AG acquired 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 3rd quarter worth approximately $31,000. HB Wealth Management LLC acquired a new stake in Bumble in the 1st quarter valued at approximately $34,000. Oppenheimer & Co. Inc. acquired a new stake in Bumble in the 4th quarter valued at approximately $36,000. Finally, StoneX Group Inc. acquired a new stake in Bumble in the 4th quarter valued at approximately $36,000. Institutional investors own 94.85% of the company’s stock.

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.