Traders Purchase High Volume of Call Options on Bumble (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL - Get Free Report) saw some unusual options trading on Wednesday. Stock investors bought 8,206 call options on the stock. This represents an increase of 83% compared to the typical volume of 4,493 call options.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BMBL. UBS Group raised their target price on Bumble from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Citigroup raised their target price on Bumble from $4.80 to $7.00 and gave the company a "neutral" rating in a research note on Friday. Stifel Nicolaus reduced their target price on Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $7.00 target price (up from $5.00) on shares of Bumble in a research note on Thursday. Finally, Susquehanna reduced their target price on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $6.97.

Institutional Investors Weigh In On Bumble

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

Bumble Stock Performance

Shares of NASDAQ:BMBL traded down $0.06 during mid-day trading on Friday, reaching $6.45. The company had a trading volume of 4,498,882 shares, compared to its average volume of 3,204,567. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.75. The firm has a market cap of $666.22 million, a price-to-earnings ratio of -1.32, a PEG ratio of 0.25 and a beta of 1.90. The company's 50-day moving average price is $5.29 and its 200-day moving average price is $6.02. Bumble has a one year low of $3.55 and a one year high of $10.66.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). The company had revenue of $247.10 million during the quarter, compared to the consensus estimate of $246.68 million. Bumble had a positive return on equity of 5.81% and a negative net margin of 54.06%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. As a group, equities research analysts anticipate that Bumble will post 4.19 EPS for the current fiscal year.

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.