Accel Growth Fund V Associates L.L.C. Buys Shares of 5,054,531 Bumble Inc. $BMBL

Accel Growth Fund V Associates L.L.C. purchased a new position in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,054,531 shares of the company's stock, valued at approximately $16,174,499. Bumble comprises about 0.0% of Accel Growth Fund V Associates L.L.C.'s portfolio, making the stock its 2nd largest position. Accel Growth Fund V Associates L.L.C. owned 3.89% of Bumble as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Saba Capital Management L.P. increased its holdings in shares of Bumble by 52.6% in the 4th quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company's stock valued at $19,055,000 after purchasing an additional 1,838,923 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bumble by 10.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company's stock valued at $29,735,000 after purchasing an additional 466,646 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Bumble by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company's stock valued at $13,737,000 after purchasing an additional 1,378,487 shares during the period. Bank of America Corp DE increased its holdings in shares of Bumble by 36.2% in the 3rd quarter. Bank of America Corp DE now owns 2,528,128 shares of the company's stock valued at $15,396,000 after purchasing an additional 671,907 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Bumble by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,857,944 shares of the company's stock valued at $6,634,000 after purchasing an additional 39,625 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.

Bumble Trading Up 0.7%

NASDAQ BMBL opened at $2.73 on Friday. The stock has a market capitalization of $360.28 million, a price-to-earnings ratio of -0.65, a PEG ratio of 0.15 and a beta of 1.87. The stock's 50 day moving average price is $2.92 and its two-hundred day moving average price is $3.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.62 and a current ratio of 1.62. Bumble Inc. has a 52 week low of $2.54 and a 52 week high of $7.32.

Bumble (NASDAQ:BMBL - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.09). The firm had revenue of $210.53 million during the quarter, compared to the consensus estimate of $210.46 million. Bumble had a negative net margin of 58.99% and a positive return on equity of 35.88%. The company's revenue was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.45) EPS. As a group, analysts anticipate that Bumble Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BMBL shares. Royal Bank Of Canada dropped their price objective on Bumble from $5.00 to $4.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Susquehanna decreased their target price on Bumble from $3.50 to $3.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Raymond James Financial reaffirmed a "market perform" rating on shares of Bumble in a research report on Thursday, June 25th. UBS Group decreased their target price on Bumble from $4.50 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Bumble in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $3.87.

Insider Activity

In other Bumble news, Director Ann Mather 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 transaction of $61,416.27. Following the transaction, the director owned 117,853 shares of the company's stock, valued at $328,809.87. The trade was a 15.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider directly owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 29,954,026 shares of company stock worth $113,182,633. Corporate insiders own 15.35% of the company's stock.

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.