Bumble Inc. (NASDAQ:BMBL – Get Free Report) major shareholder – Nq L.L.C. Btoa 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 sale, the insider directly owned 19,374 shares in the company, valued at $73,233.72. The trade was a 99.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Bumble Price Performance
BMBL remained flat at $2.96 on Thursday. 6,144,114 shares of the company’s stock traded hands, compared to its average volume of 2,910,568. The business has a 50-day simple moving average of $3.45 and a two-hundred day simple moving average of $3.41. 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 firm has a market cap of $384.27 million, a price-to-earnings ratio of -0.51, a P/E/G ratio of 0.10 and a beta of 1.89. Bumble Inc. has a twelve month low of $2.61 and a twelve month high of $8.64.
Bumble (NASDAQ:BMBL – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The firm had revenue of $212.38 million during 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%.The business’s revenue was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. Equities research analysts expect that Bumble Inc. will post 0.99 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Bumble
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on BMBL shares. Citigroup decreased their price objective on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Zacks Research upgraded Bumble from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Susquehanna restated a “neutral” rating and set a $3.50 price objective on shares of Bumble in a research report on Thursday, March 12th. Weiss Ratings lowered Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $4.33.
View Our Latest Research Report on BMBL
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.
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