Bumble (NASDAQ:BMBL) Director Sells $15,754.74 in Stock

Key Points

• Sissie Hsiao, a director at Bumble, sold 2,707 shares of the company stock for a total of $15,754.74, reducing her ownership by 3.67%.
• Bumble Inc.'s latest earnings report showed earnings per share of $0.64, exceeding expectations, despite a 7.6% decline in year-over-year revenue.
• Institutional investors own 94.85% of Bumble's stock, with several firms acquiring positions recently, indicating significant interest in the company.

Bumble Inc. (NASDAQ:BMBL - Get Free Report) Director Sissie Hsiao sold 2,707 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $5.82, for a total value of $15,754.74. Following the completion of the transaction, the director owned 71,120 shares of the company's stock, valued at $413,918.40. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bumble Price Performance

BMBL traded down $0.15 on Wednesday, reaching $5.67. The stock had a trading volume of 1,608,213 shares, compared to its average volume of 3,336,329. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $589.74 million, a price-to-earnings ratio of -1.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.94. Bumble Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $9.22. The firm has a 50-day moving average of $6.60 and a 200-day moving average of $5.85.

Bumble (NASDAQ:BMBL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. The business had revenue of $248.23 million during the quarter, compared to analyst estimates of $243.72 million. Bumble had a negative net margin of 82.41% and a positive return on equity of 10.35%. The firm's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. As a group, sell-side analysts anticipate that Bumble Inc. will post 4.19 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pale Fire Capital SE acquired a new position in shares of Bumble during the 1st quarter valued at $43,000. Vident Advisory LLC acquired a new position in shares of Bumble during the first quarter worth approximately $48,000. Teacher Retirement System of Texas acquired a new position in shares of Bumble during the first quarter worth approximately $49,000. Tyche Wealth Partners LLC acquired a new position in shares of Bumble during the first quarter worth approximately $52,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Bumble during the first quarter worth approximately $54,000. Institutional investors and hedge funds own 94.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BMBL shares. Bank of America raised their price objective on shares of Bumble from $5.25 to $5.50 and gave the company an "underperform" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group restated a "neutral" rating and set a $7.00 price target (down previously from $8.00) on shares of Bumble in a report on Friday, October 3rd. Susquehanna reaffirmed a "neutral" rating and issued a $7.00 price objective (up from $5.00) on shares of Bumble in a research note on Monday, August 11th. Zacks Research upgraded shares of Bumble to a "hold" rating in a research report on Friday, August 8th. Finally, UBS Group boosted their target price on shares of Bumble from $6.00 to $7.50 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $6.46.

Bumble Company Profile

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.

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