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

Bumble Inc. (NASDAQ:BMBL) Director Sissie Hsiao sold 22,013 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 126,687 shares in the company, valued at $353,456.73. This represents a 14.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Price Performance

Bumble stock traded up $0.03 during mid-day trading on Thursday, reaching $2.74. The company had a trading volume of 2,479,407 shares, compared to its average volume of 3,636,198. Bumble Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $8.64. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The company has a market cap of $355.06 million, a P/E ratio of -0.47, a P/E/G ratio of 0.10 and a beta of 1.89. The business has a fifty day simple moving average of $3.51 and a 200 day simple moving average of $3.44.

Bumble (NASDAQ:BMBL) last issued its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share 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 firm had revenue of $212.38 million for the quarter, compared to analyst estimates of $211.59 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. On average, equities research analysts predict that Bumble Inc. will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Bumble

Several large investors have recently modified their holdings of BMBL. Tudor Investment Corp ET AL bought a new position in Bumble during the third quarter worth $6,013,000. Vanguard Group Inc. raised its stake in Bumble by 52.0% during the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after buying an additional 3,820,205 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Bumble during the third quarter worth $3,570,000. Counterpoint Mutual Funds LLC bought a new position in Bumble during the third quarter worth $3,104,000. Finally, Pallas Capital Advisors LLC bought a new position in Bumble during the fourth quarter worth $61,000. Institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

BMBL has been the topic of a number of research analyst reports. Susquehanna restated a “neutral” rating and issued a $3.50 target price on shares of Bumble in a research report on Thursday, March 12th. Weiss Ratings lowered shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bumble in a research note on Monday, March 16th. JPMorgan Chase & Co. raised shares of Bumble from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 12th. Finally, UBS Group raised their price target on shares of Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $4.33.

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.