Bumble (NASDAQ:BMBL) Major Shareholder Bx Buzz Ml-1 Gp Llc Sells 7,477,504 Shares of Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Bumble stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the transaction, the insider owned 25,832 shares of the company’s stock, valued at $90,670.32. The trade was a 99.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Bumble Stock Down 1.1%

NASDAQ:BMBL opened at $3.74 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.55 and a current ratio of 2.21. The firm has a market cap of $421.65 million, a P/E ratio of -0.62, a P/E/G ratio of 0.13 and a beta of 1.96. Bumble Inc. has a fifty-two week low of $2.61 and a fifty-two week high of $8.64. The firm has a 50-day simple moving average of $3.28 and a two-hundred day simple moving average of $4.32.

Hedge Funds Weigh In On Bumble

Institutional investors have recently made changes to their positions in the business. Wexford Capital LP purchased a new position in shares of Bumble in the third quarter worth approximately $31,000. EFG International AG purchased a new position in shares of Bumble during the 4th quarter worth $25,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Bumble in the 4th quarter worth $36,000. StoneX Group Inc. bought a new position in Bumble in the 4th quarter worth $36,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Bumble during the fourth quarter valued at $37,000. Institutional investors own 94.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Susquehanna reaffirmed a “neutral” rating and issued a $3.50 price objective on shares of Bumble in a research report on Thursday, March 12th. JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a research report on Thursday, March 12th. Zacks Research upgraded shares of Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. William Blair restated an “outperform” rating on shares of Bumble in a report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 target price on shares of Bumble in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Bumble currently has a consensus rating of “Reduce” and an average price target of $4.34.

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.