– Nq L.L.C. Btoa Sells 7,477,500 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Bumble Stock Performance

Shares of BMBL stock remained flat at $2.96 during trading hours on Thursday. 6,144,114 shares of the company’s stock traded hands, compared to its average volume of 2,910,568. The stock has a market capitalization of $384.27 million, a P/E ratio of -0.51, a PEG ratio of 0.10 and a beta of 1.89. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. Bumble Inc. has a 52-week low of $2.61 and a 52-week high of $8.64. The stock has a 50-day simple moving average of $3.45 and a 200 day simple moving average of $3.41.

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, beating analysts’ consensus estimates 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 company had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue was down 14.1% on a year-over-year basis. Equities analysts anticipate that Bumble Inc. will post 0.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BMBL shares. Citigroup reduced their price objective on Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Bank of America dropped their target price on Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bumble in a research report on Monday, March 16th. JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 12th. Finally, UBS Group lifted their target price on shares of Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Bumble has an average rating of “Reduce” and an average target price of $4.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new position in Bumble during the 1st quarter valued at approximately $2,039,000. Essential Partners LLC grew its position in shares of Bumble by 672.0% in the 1st quarter. Essential Partners LLC now owns 20,582 shares of the company’s stock worth $67,000 after buying an additional 17,916 shares during the last quarter. Bank of America Corp DE grew its position in shares of Bumble by 16.7% in the 1st quarter. Bank of America Corp DE now owns 1,914,553 shares of the company’s stock worth $6,241,000 after buying an additional 274,548 shares during the last quarter. RBF Capital LLC increased its stake in shares of Bumble by 86.9% during the first quarter. RBF Capital LLC now owns 967,372 shares of the company’s stock valued at $3,154,000 after buying an additional 449,866 shares during the period. Finally, Amundi bought a new position in shares of Bumble during the first quarter valued at approximately $74,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

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.