Bumble Inc. (NASDAQ:BMBL - Get Free Report) Director Sissie L. Hsiao sold 2,707 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $6.76, for a total transaction of $18,299.32. Following the sale, the director now directly owns 40,571 shares of the company's stock, valued at approximately $274,259.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bumble Stock Performance
NASDAQ:BMBL opened at $6.38 on Wednesday. The company has a market cap of $805.15 million, a price-to-earnings ratio of 37.53 and a beta of 1.66. Bumble Inc. has a 1 year low of $4.80 and a 1 year high of $15.90. The stock's 50 day simple moving average is $6.68 and its two-hundred day simple moving average is $9.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.38 and a quick ratio of 2.38.
Bumble (NASDAQ:BMBL - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.07. Bumble had a net margin of 3.93% and a return on equity of 1.82%. The firm had revenue of $268.60 million during the quarter, compared to analyst estimates of $273.04 million. During the same period last year, the firm posted $0.05 earnings per share. Bumble's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Bumble Inc. will post 0.83 earnings per share for the current fiscal year.
Institutional Trading of Bumble
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Hedge funds have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in Bumble in the second quarter worth about $64,000. SG Americas Securities LLC bought a new stake in shares of Bumble in the 3rd quarter valued at approximately $71,000. Meeder Asset Management Inc. purchased a new position in shares of Bumble in the 2nd quarter worth approximately $82,000. Headlands Technologies LLC bought a new position in shares of Bumble during the 2nd quarter valued at approximately $94,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bumble during the 2nd quarter valued at approximately $111,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BMBL has been the subject of several recent research reports. Royal Bank of Canada cut their price target on Bumble from $16.00 to $8.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Bumble from $12.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Evercore ISI downgraded shares of Bumble from an "outperform" rating to an "inline" rating and lowered their price target for the company from $18.00 to $8.00 in a report on Thursday, August 8th. HSBC reissued a "hold" rating on shares of Bumble in a research note on Friday, August 9th. Finally, The Goldman Sachs Group lowered their target price on shares of Bumble from $18.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $8.50.
Read Our Latest Analysis on Bumble
About Bumble
(
Get Free Report)
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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