Bumble Inc. (NASDAQ:BMBL – Get Free Report) Director Ann Mather sold 7,492 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $11.41, for a total transaction of $85,483.72. Following the completion of the sale, the director now directly owns 29,030 shares in the company, valued at $331,232.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Bumble Stock Down 0.5 %
Shares of BMBL stock traded down $0.06 during trading on Tuesday, reaching $10.92. The company’s stock had a trading volume of 1,879,382 shares, compared to its average volume of 2,875,121. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 63.53 and a beta of 1.72. The stock’s 50-day moving average price is $11.02 and its 200 day moving average price is $12.49. Bumble Inc. has a 1-year low of $9.83 and a 1-year high of $21.06.
Bumble (NASDAQ:BMBL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $267.80 million during the quarter, compared to analysts’ expectations of $265.41 million. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. On average, research analysts anticipate that Bumble Inc. will post 0.88 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on BMBL shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Bumble from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Susquehanna lowered their price target on shares of Bumble from $17.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. Morgan Stanley assumed coverage on shares of Bumble in a report on Thursday, April 18th. They set an “equal weight” rating and a $13.00 price target on the stock. KeyCorp lowered their price target on shares of Bumble from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $16.00 price target on shares of Bumble in a report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.89.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Boston Partners lifted its stake in Bumble by 2.0% in the first quarter. Boston Partners now owns 746,483 shares of the company’s stock worth $8,348,000 after acquiring an additional 14,309 shares during the last quarter. FourWorld Capital Management LLC purchased a new position in Bumble in the first quarter worth approximately $165,000. Janus Henderson Group PLC lifted its position in shares of Bumble by 300.0% during the 1st quarter. Janus Henderson Group PLC now owns 163,332 shares of the company’s stock worth $1,854,000 after buying an additional 122,504 shares during the last quarter. Joho Capital LLC purchased a new stake in shares of Bumble during the 1st quarter worth approximately $6,242,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Bumble during the 1st quarter worth approximately $284,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.
About Bumble
Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.