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

Bumble Inc. (NASDAQ:BMBL) Director Sissie Hsiao sold 22,013 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the transaction, the director directly owned 126,687 shares in the company, valued at approximately $353,456.73. This trade represents a 14.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bumble Price Performance

Bumble stock opened at $2.74 on Friday. Bumble Inc. has a 12 month low of $2.61 and a 12 month high of $8.64. The stock’s 50 day moving average is $3.50 and its 200-day moving average is $3.44. 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 capitalization of $355.06 million, a price-to-earnings ratio of -0.47, a PEG ratio of 0.09 and a beta of 1.89.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. The business 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%.The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. Equities research analysts expect that Bumble Inc. will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Bumble

A number of institutional investors and hedge funds have recently made changes to their positions in BMBL. Vanguard Group Inc. boosted its position in shares of Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after purchasing an additional 3,820,205 shares in the last quarter. Saba Capital Management L.P. increased its stake in shares of Bumble by 52.6% during the 4th quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock worth $19,055,000 after purchasing an additional 1,838,923 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Bumble by 48.6% during the 1st quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock worth $13,737,000 after purchasing an additional 1,378,487 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Bumble in the 3rd quarter valued at approximately $6,013,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Bumble in the 4th quarter valued at approximately $3,516,000. Institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BMBL shares. Citigroup dropped their price target on Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. TD Cowen reiterated a “hold” rating and issued a $5.00 price target on shares of Bumble in a research note on Thursday, March 12th. JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. William Blair restated an “outperform” rating on shares of Bumble in a report on Monday, March 16th. Finally, Weiss Ratings downgraded Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Bumble 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.