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

Bumble Inc. (NASDAQ:BMBL) was the target of unusually large options trading on Wednesday. Traders purchased 8,206 call options on the stock. This represents an increase of approximately 83% compared to the typical daily volume of 4,493 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BMBL shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $5.00 target price on shares of Bumble in a research report on Tuesday, June 3rd. UBS Group increased their price objective on shares of Bumble from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Wells Fargo & Company dropped their price objective on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $7.00 price target (up from $5.00) on shares of Bumble in a report on Thursday. Finally, Citigroup cut their price objective on shares of Bumble from $6.80 to $4.80 and set a “neutral” rating on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Bumble has an average rating of “Hold” and an average target price of $6.71.

Hedge Funds Weigh In On Bumble

Large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in Bumble by 1.4% in the fourth quarter. Rhumbline Advisers now owns 155,006 shares of the company’s stock valued at $1,262,000 after buying an additional 2,157 shares during the period. Principal Financial Group Inc. boosted its holdings in Bumble by 11.2% during the fourth quarter. Principal Financial Group Inc. now owns 158,790 shares of the company’s stock worth $1,293,000 after buying an additional 15,958 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Bumble in the 4th quarter valued at about $189,000. QRG Capital Management Inc. raised its position in shares of Bumble by 14.2% in the 4th quarter. QRG Capital Management Inc. now owns 44,126 shares of the company’s stock valued at $359,000 after acquiring an additional 5,498 shares during the period. Finally, Aigen Investment Management LP boosted its stake in Bumble by 14.2% during the 4th quarter. Aigen Investment Management LP now owns 31,041 shares of the company’s stock worth $253,000 after acquiring an additional 3,853 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Trading Down 0.2%

Shares of Bumble stock opened at $6.51 on Friday. Bumble has a 1 year low of $3.55 and a 1 year high of $10.66. The company’s fifty day simple moving average is $5.25 and its 200-day simple moving average is $6.04. The company has a market cap of $672.42 million, a price-to-earnings ratio of -1.33, a PEG ratio of 0.27 and a beta of 1.90. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL) last issued its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a negative net margin of 54.06% and a positive return on equity of 5.81%. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $246.68 million. During the same quarter last year, the firm posted $0.19 earnings per share. Bumble’s revenue was down 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Bumble will post 4.19 EPS 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.