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

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

Bumble Stock Performance

Shares of Bumble stock opened at $2.72 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $353.11 million, a price-to-earnings ratio of -0.47, a PEG ratio of 0.09 and a beta of 1.89. The firm has a fifty day moving average of $3.48 and a two-hundred day moving average of $3.43. Bumble Inc. has a 52 week low of $2.61 and a 52 week high of $8.64.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.Bumble’s revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. As a group, equities research analysts predict that Bumble Inc. will post 0.99 EPS for the current year.

Institutional Trading of Bumble

A number of large investors have recently made changes to their positions in BMBL. Royal Bank of Canada increased its position in shares of Bumble by 409.3% in the 1st quarter. Royal Bank of Canada now owns 325,121 shares of the company’s stock valued at $1,410,000 after buying an additional 261,281 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Bumble in the 1st quarter valued at $117,000. JPMorgan Chase & Co. increased its position in shares of Bumble by 709.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 713,855 shares of the company’s stock valued at $4,704,000 after buying an additional 625,631 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Bumble in the 2nd quarter valued at $392,000. Finally, New York State Common Retirement Fund increased its position in shares of Bumble by 31.1% in the 2nd quarter. New York State Common Retirement Fund now owns 25,631 shares of the company’s stock valued at $169,000 after buying an additional 6,077 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BMBL. William Blair reaffirmed an “outperform” rating on shares of Bumble in a research note on Monday, March 16th. Susquehanna reaffirmed a “neutral” rating and issued a $3.50 price target on shares of Bumble in a research note on Thursday, March 12th. Morgan Stanley upped their price target on Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. TD Cowen restated a “hold” rating and issued a $5.00 price objective on shares of Bumble in a research report on Thursday, March 12th. Finally, BTIG Research restated a “neutral” rating on shares of Bumble in a research report on Monday, March 16th. One equities research 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 MarketBeat.com, Bumble currently has an average rating of “Reduce” and a consensus price target of $4.33.

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.