Bumble Target of Unusually Large Options Trading (NASDAQ:BMBL)

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

Wall Street Analyst Weigh In

BMBL has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $5.00 price objective on shares of Bumble in a research note on Tuesday, June 3rd. UBS Group lifted their price objective on Bumble from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. The Goldman Sachs Group lifted their price objective on Bumble from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Susquehanna decreased their price objective on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Stifel Nicolaus decreased 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.71.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its holdings in shares of Bumble by 25.5% in the fourth quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock valued at $51,953,000 after purchasing an additional 1,298,630 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bumble by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company's stock valued at $32,279,000 after purchasing an additional 22,136 shares during the period. RPD Fund Management LLC acquired a new position in shares of Bumble in the fourth quarter valued at approximately $30,940,000. Northern Trust Corp increased its holdings in shares of Bumble by 3.5% in the fourth quarter. Northern Trust Corp now owns 950,014 shares of the company's stock valued at $7,733,000 after purchasing an additional 32,353 shares during the period. Finally, First Trust Advisors LP grew its holdings in Bumble by 429.5% during the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock worth $6,287,000 after acquiring an additional 626,528 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.

Bumble Stock Performance

BMBL traded down $0.01 during trading on Thursday, hitting $6.51. 5,179,640 shares of the stock were exchanged, compared to its average volume of 3,194,259. The firm has a market capitalization of $672.42 million, a P/E ratio of 11.44, a PEG ratio of 0.27 and a beta of 1.90. Bumble has a 1-year low of $3.55 and a 1-year high of $10.66. The stock has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $6.05. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (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 analyst estimates of $246.68 million. Bumble had a negative net margin of 54.06% and a positive return on equity of 5.81%. The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. As a group, sell-side analysts predict that Bumble will post 4.19 earnings per share for the current year.

Bumble Company Profile

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.