Bumble Inc. (NASDAQ:BMBL) Short Interest Update

Bumble Inc. (NASDAQ:BMBL - Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totalling 11,610,000 shares, a decline of 6.0% from the April 15th total of 12,350,000 shares. Currently, 12.9% of the company's stock are sold short. Based on an average daily trading volume, of 3,270,000 shares, the short-interest ratio is presently 3.6 days.

Insider Buying and Selling

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company's stock in a transaction on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the transaction, the insider now directly owns 12,802 shares of the company's stock, valued at $142,102.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. FourWorld Capital Management LLC acquired a new position in shares of Bumble during the 1st quarter worth about $165,000. Janus Henderson Group PLC raised its holdings in Bumble by 300.0% in the 1st quarter. Janus Henderson Group PLC now owns 163,332 shares of the company's stock valued at $1,854,000 after acquiring an additional 122,504 shares during the last quarter. Joho Capital LLC acquired a new stake in Bumble in the 1st quarter valued at about $6,242,000. BlueCrest Capital Management Ltd acquired a new stake in Bumble in the 1st quarter valued at about $284,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Bumble by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,626 shares of the company's stock valued at $734,000 after acquiring an additional 3,683 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Bumble Price Performance

Shares of BMBL stock traded up $0.16 during mid-day trading on Thursday, hitting $12.13. 2,517,440 shares of the stock were exchanged, compared to its average volume of 3,031,898. The firm has a fifty day moving average of $10.76 and a 200 day moving average of $12.78. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.46. Bumble has a 52-week low of $9.83 and a 52-week high of $21.06. The company has a market cap of $1.57 billion, a PE ratio of 70.76, a price-to-earnings-growth ratio of 0.26 and a beta of 1.67.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The business had revenue of $267.80 million for the quarter, compared to analyst estimates of $265.41 million. During the same period in the prior year, the company posted ($0.01) EPS. The company's revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts anticipate that Bumble will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Bumble from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, February 28th. The Goldman Sachs Group dropped their price objective on shares of Bumble from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Royal Bank of Canada reissued an "outperform" rating and set a $16.00 price objective on shares of Bumble in a report on Wednesday, February 28th. Susquehanna dropped their price objective on shares of Bumble from $17.00 to $14.00 and set a "positive" rating on the stock in a report on Thursday, February 29th. Finally, BTIG Research dropped their price objective on shares of Bumble from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.89.

About Bumble

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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