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

Bumble Inc. (NASDAQ:BMBL) was the target of unusually large options trading on Monday. Stock traders bought 48,074 put options on the company. This represents an increase of 404% compared to the typical volume of 9,543 put options.

Insider Transactions at Bumble

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 completion of the sale, the insider now directly owns 12,802 shares in the company, valued at approximately $142,102.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.56% of the company’s stock.

Institutional Investors Weigh In On Bumble

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Bumble by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 10,208,851 shares of the company’s stock valued at $150,478,000 after purchasing an additional 495,671 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Bumble by 10.1% during the 2nd quarter. BlackRock Inc. now owns 10,030,155 shares of the company’s stock valued at $168,306,000 after purchasing an additional 923,644 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Bumble by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,303,961 shares of the company’s stock valued at $123,895,000 after purchasing an additional 347,238 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bumble by 39.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,599,267 shares of the company’s stock valued at $53,055,000 after purchasing an additional 1,013,374 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Bumble by 12.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,589,176 shares of the company’s stock valued at $52,904,000 after purchasing an additional 397,741 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Trading Down 0.8 %

Bumble stock opened at $10.04 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -334.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.68. Bumble has a 1 year low of $9.99 and a 1 year high of $21.06. The firm’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $13.26.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The business had revenue of $273.64 million during the quarter, compared to analyst estimates of $275.38 million. On average, research analysts predict that Bumble will post 0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BMBL. Raymond James reiterated a “market perform” rating on shares of Bumble in a report on Thursday, April 4th. BTIG Research reduced their price target on shares of Bumble from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. JPMorgan Chase & Co. cut their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 target price on shares of Bumble in a report on Wednesday, February 28th. Finally, KeyCorp dropped their price target on shares of Bumble from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.13.

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.