Dimensional Fund Advisors LP Trims Stock Holdings in Bumble Inc. $BMBL

Key Points

• Dimensional Fund Advisors cut its Bumble stake by 7.7%, selling 356,292 shares and retaining 4.30 million shares worth about $14.0 million. Institutional investors still own a substantial 94.85% of the company.
• Bumble faces ongoing operating pressure: quarterly revenue fell 15.2% year over year, paying users declined, and management forecast third-quarter revenue of $205 million to $213 million. The company is investing in marketing and promoting its newer Plans app to support user growth.
• Analyst sentiment remains cautious, with multiple firms cutting price targets; the consensus rating is “Reduce” with a $3.99 target. Bumble shares opened at $2.83, near their 52-week low of $2.54, while insiders have sold roughly $113.2 million of stock over the past 90 days.

Dimensional Fund Advisors LP decreased its holdings in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,299,624 shares of the company's stock after selling 356,292 shares during the quarter. Dimensional Fund Advisors LP owned about 3.31% of Bumble worth $14,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BMBL. Principal Financial Group Inc. increased its position in shares of Bumble by 314.5% during the first quarter. Principal Financial Group Inc. now owns 609,226 shares of the company's stock valued at $1,986,000 after buying an additional 462,251 shares during the period. Militia Capital Partners LP bought a new position in shares of Bumble in the fourth quarter valued at approximately $1,080,000. R Squared Ltd purchased a new position in Bumble during the first quarter valued at approximately $48,000. Corient Private Wealth LLC bought a new stake in Bumble during the 4th quarter worth approximately $468,000. Finally, Krilogy Financial LLC lifted its stake in Bumble by 78.0% in the 1st quarter. Krilogy Financial LLC now owns 22,088 shares of the company's stock worth $72,000 after purchasing an additional 9,678 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Key Headlines Impacting Bumble

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Bumble’s second-quarter adjusted earnings reportedly exceeded Wall Street expectations, with earnings of $0.45 per share versus the $0.25 consensus estimate. Revenue was approximately $210.5 million, broadly matching forecasts. Bumble Inc. Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company is promoting its newer Plans app, which is designed to facilitate low-pressure, in-person group meetups. Early traction and a shift away from traditional swiping could help Bumble attract younger users and diversify engagement over time. Bumble teases a swipe-free future as it doubles down on IRL meetups
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $5.00 to $4.00 while maintaining a “sector perform” rating. Wells Fargo also reduced its target to $4.00 and kept an “equal weight” rating, indicating analysts see upside but remain cautious. Benzinga analyst updates
• Negative Sentiment: Bumble forecast third-quarter revenue of $205 million to $213 million, reflecting continued growth concerns. Management expects marketing investment to support user acquisition, with an approximately 28% adjusted EBITDA margin midpoint. Bumble Q3 revenue outlook
• Negative Sentiment: Reuters reported that Bumble’s paying-user base declined, contributing to a downbeat quarterly revenue forecast. The company’s revenue also fell year over year, intensifying concerns about competition, user monetization and the effectiveness of its turnaround strategy. Bumble forecasts downbeat quarterly revenue as paying users drop
• Negative Sentiment: Susquehanna cut its target from $3.50 to $3.00 and Goldman Sachs reduced its target from $5.00 to $3.50; both firms rated the stock “neutral.” The broad wave of target reductions is likely weighing on investor sentiment. Benzinga analyst updates

Insiders Place Their Bets

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of Bumble stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the transaction, the insider directly owned 19,374 shares of the company's stock, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director owned 117,853 shares of the company's stock, valued at approximately $328,809.87. The trade was a 15.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,954,026 shares of company stock valued at $113,182,633 over the last 90 days. Company insiders own 15.35% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Bumble from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings restated a "sell (e+)" rating on shares of Bumble in a research report on Tuesday. The Goldman Sachs Group decreased their target price on Bumble from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup dropped their price target on Bumble from $3.90 to $3.60 and set a "neutral" rating for the company in a research report on Tuesday, May 26th. Finally, UBS Group raised their target price on shares of Bumble from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $3.99.

Bumble Trading Down 0.7%

NASDAQ BMBL opened at $2.83 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock's 50-day simple moving average is $2.97 and its two-hundred day simple moving average is $3.27. Bumble Inc. has a twelve month low of $2.54 and a twelve month high of $7.37. The company has a market capitalization of $367.39 million, a price-to-earnings ratio of -0.67, a PEG ratio of 0.09 and a beta of 1.87.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($1.09). The firm had revenue of $210.53 million during the quarter, compared to analysts' expectations of $210.46 million. Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.Bumble's revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.45) earnings per share. Research analysts forecast that Bumble Inc. will post 1.03 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source