Bumble (NASDAQ:BMBL) Director Ann Mather Sells 22,013 Shares of Stock

Bumble Inc. (NASDAQ:BMBL) Director Ann Mather sold 22,013 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the transaction, the director owned 117,853 shares in the company, valued at $328,809.87. This trade represents a 15.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Stock Performance

Shares of BMBL opened at $2.74 on Friday. The business’s fifty day moving average price is $3.50 and its 200 day moving average price is $3.44. Bumble Inc. has a 12-month low of $2.61 and a 12-month high of $8.64. The stock has a market capitalization of $355.06 million, a PE ratio of -0.47, a price-to-earnings-growth ratio of 0.09 and a beta of 1.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings data 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. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The firm had revenue of $212.38 million for the quarter, compared to analysts’ expectations of $211.59 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. Equities research analysts forecast that Bumble Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BMBL shares. William Blair reissued an “outperform” rating on shares of Bumble in a report on Monday, March 16th. JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. UBS Group increased their price target on Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company decreased their price target on Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Finally, TD Cowen restated a “hold” rating and set a $5.00 price objective on shares of Bumble in a research report on Thursday, March 12th. One equities research 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.com, the stock presently has an average rating of “Reduce” and an average target price of $4.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BMBL. Vanguard Group Inc. raised its stake in shares of Bumble by 52.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after acquiring an additional 3,820,205 shares in the last quarter. Saba Capital Management L.P. increased its position in Bumble by 52.6% in the 4th quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock worth $19,055,000 after buying an additional 1,838,923 shares during the period. Renaissance Technologies LLC increased its position in shares of 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 during the period. Tudor Investment Corp ET AL bought a new stake in shares of Bumble during the third quarter valued at approximately $6,013,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Bumble during the fourth quarter valued at approximately $3,516,000. 94.85% of the stock is owned by institutional investors.

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.