Bumble (NASDAQ:BMBL) Director Sissie Hsiao Sells 22,013 Shares

Bumble Inc. (NASDAQ:BMBL) Director Sissie Hsiao sold 22,013 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total transaction of $61,416.27. Following the sale, the director directly owned 126,687 shares in the company, valued at $353,456.73. This trade represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Stock Up 0.9%

NASDAQ:BMBL traded up $0.03 on Thursday, hitting $2.74. 2,479,407 shares of the company’s stock were exchanged, compared to its average volume of 3,636,198. The firm has a 50-day moving average price of $3.51 and a 200-day moving average price of $3.44. 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 Inc. has a 52 week low of $2.61 and a 52 week high of $8.64. The company has a market cap of $355.06 million, a P/E ratio of -0.47, a price-to-earnings-growth ratio of 0.10 and a beta of 1.89.

Bumble (NASDAQ:BMBL) last issued its quarterly 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 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 period in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, analysts expect that Bumble Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings cut shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. Morgan Stanley upped their target price on shares of Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. Susquehanna reaffirmed a “neutral” rating and issued a $3.50 target price on shares of Bumble in a report on Thursday, March 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Bumble in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $4.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wexford Capital LP acquired a new stake in shares of Bumble during the 3rd quarter worth approximately $31,000. EFG International AG acquired a new stake in shares of Bumble during the 4th quarter worth approximately $25,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Bumble during the 4th quarter worth approximately $36,000. StoneX Group Inc. acquired a new stake in shares of Bumble during the 4th quarter worth approximately $36,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Bumble during the 4th quarter worth approximately $37,000. 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.