Bumble Inc. (NASDAQ:BMBL) Short Interest Up 7.1% in April

Bumble Inc. (NASDAQ:BMBL – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 7,070,000 shares, an increase of 7.1% from the April 15th total of 6,600,000 shares. Based on an average daily trading volume, of 2,730,000 shares, the short-interest ratio is currently 2.6 days. Currently, 8.3% of the shares of the company are sold short.

Insiders Place Their Bets

In other Bumble news, Director Matthew S. Bromberg sold 12,096 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $17.17, for a total value of $207,688.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Matthew S. Bromberg sold 12,096 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $17.17, for a total transaction of $207,688.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings Gp Man Blackstone III sold 11,750,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $22.17, for a total transaction of $260,497,500.00. The disclosure for this sale can be found here. Corporate insiders own 7.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in Bumble by 43.2% in the 1st quarter. BlackRock Inc. now owns 9,106,511 shares of the company’s stock valued at $178,032,000 after purchasing an additional 2,747,104 shares during the last quarter. Marshall Wace LLP raised its position in Bumble by 110.6% in the 4th quarter. Marshall Wace LLP now owns 3,222,445 shares of the company’s stock valued at $67,832,000 after purchasing an additional 1,691,993 shares during the last quarter. State Street Corp raised its position in Bumble by 305.3% in the 2nd quarter. State Street Corp now owns 1,745,907 shares of the company’s stock valued at $49,147,000 after purchasing an additional 1,315,091 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in Bumble in the 1st quarter valued at $24,821,000. Finally, Balyasny Asset Management L.P. raised its position in Bumble by 453.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 1,508,003 shares of the company’s stock valued at $29,481,000 after purchasing an additional 1,235,305 shares during the last quarter.

Bumble Trading Down 2.9 %

NASDAQ BMBL opened at $16.38 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.25. Bumble has a 52 week low of $15.88 and a 52 week high of $39.33. The stock has a market capitalization of $2.25 billion, a PE ratio of -21.83 and a beta of 1.82. The firm has a 50 day moving average of $18.36 and a two-hundred day moving average of $21.55.

Bumble (NASDAQ:BMBL – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.18. Bumble had a negative net margin of 10.51% and a positive return on equity of 1.49%. The company had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $236.03 million. As a group, research analysts expect that Bumble will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Bumble from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, April 21st. Wolfe Research reiterated a “peer perform” rating on shares of Bumble in a research report on Thursday, February 23rd. KeyCorp boosted their price target on shares of Bumble from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Robert W. Baird started coverage on shares of Bumble in a research note on Tuesday, April 11th. They set an “outperform” rating and a $23.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Bumble from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bumble presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.65.

About Bumble

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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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.