Bumble Target of Unusually High Options Trading (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 13,251 call options on the stock. This represents an increase of approximately 360% compared to the typical volume of 2,881 call options.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 12th. Citigroup reduced their price target on Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley increased their price target on Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Bumble in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Bumble currently has a consensus rating of “Reduce” and an average target price of $4.33.

Insider Activity

In other Bumble news, major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of the stock in a transaction on 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 sale, the insider directly owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This represents a 99.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the firm’s stock in a transaction dated 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 represents a 99.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,954,026 shares of company stock valued at $113,182,633 over the last quarter. 15.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bumble

Several hedge funds have recently made changes to their positions in BMBL. Vanguard Group Inc. raised 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 purchasing an additional 3,820,205 shares in the last quarter. Saba Capital Management L.P. lifted its stake 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 purchasing an additional 1,838,923 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 466,646 shares during the period. Renaissance Technologies LLC boosted its holdings in Bumble by 48.6% during the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after purchasing an additional 1,378,487 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Bumble by 36.2% during 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 purchasing an additional 671,907 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

BMBL opened at $3.04 on Friday. The stock has a market cap of $394.64 million, a price-to-earnings ratio of -0.52, a PEG ratio of 0.10 and a beta of 1.89. The stock has a fifty day moving average price of $3.36 and a 200 day moving average price of $3.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Bumble has a 1 year low of $2.54 and a 1 year high of $8.64.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. Analysts forecast that Bumble will post 0.99 EPS for the current fiscal year.

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.