Pacer Advisors Inc. Acquires Shares of 625,376 Bumble Inc. $BMBL

Key Points

• Pacer Advisors acquired 625,376 Bumble shares worth approximately $2.04 million, giving the firm a 0.48% stake. Institutional investors and hedge funds collectively own 94.85% of Bumble.
• Bumble reported quarterly revenue of $210.53 million, essentially matching estimates, but revenue fell 15.2% year over year and the company posted a sizable EPS loss. Paying-user declines and a cautious third-quarter revenue outlook continue to weigh on the business.
• Analyst sentiment remains bearish: multiple firms recently cut their price targets, and Bumble carries a consensus “Reduce” rating with an average target of $3.99. Shares opened at $2.83, near the company’s 12-month low.

Pacer Advisors Inc. acquired a new stake in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 625,376 shares of the company's stock, valued at approximately $2,039,000. Pacer Advisors Inc. owned about 0.48% of Bumble as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. EFG International AG purchased a new stake in shares of Bumble in the fourth quarter worth about $25,000. Wexford Capital LP purchased a new position in Bumble during the third quarter valued at approximately $31,000. HB Wealth Management LLC purchased a new position in Bumble during the first quarter valued at approximately $34,000. Oppenheimer & Co. Inc. acquired a new position in Bumble in the fourth quarter valued at approximately $36,000. Finally, StoneX Group Inc. acquired a new position in Bumble in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 94.85% of the company's stock.

More Bumble News

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Bumble from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Friday. Raymond James Financial reiterated a "market perform" rating on shares of Bumble in a research note on Thursday, June 25th. Citigroup lowered their price target on shares of Bumble from $3.90 to $3.60 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Bumble in a report on Tuesday. Finally, The Goldman Sachs Group cut their price objective on shares of Bumble from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Bumble has a consensus rating of "Reduce" and an average price target of $3.99.

Bumble Trading Down 0.7%

Shares of Bumble stock opened at $2.83 on Friday. The firm has a market capitalization of $367.39 million, a PE ratio of -0.67, a P/E/G ratio of 0.09 and a beta of 1.87. Bumble Inc. has a twelve month low of $2.54 and a twelve month high of $7.37. The firm's 50-day moving average price is $2.97 and its 200 day moving average price is $3.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

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

Insider Transactions at Bumble

In related news, Director Ann Mather sold 22,013 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 117,853 shares of the company's stock, valued at approximately $328,809.87. This represents a 15.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder - Nq L.L.C. Btoa sold 7,477,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the transaction, the insider directly owned 19,374 shares of the company's stock, valued at approximately $73,233.72. This represents a 99.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 29,954,026 shares of company stock valued at $113,182,633. Insiders own 15.35% of the company's stock.

Bumble 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.

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