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

Bumble Inc. (NASDAQ:BMBL) was the target of some unusual options trading on Monday. Investors purchased 48,074 put options on the stock. This is an increase of approximately 404% compared to the typical volume of 9,543 put options.

Insider Buying and Selling at Bumble

In other Bumble 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 shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the transaction, the insider now directly owns 12,802 shares in the company, valued at $142,102.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.56% of the company’s stock.

Institutional Inflows and Outflows

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

Bumble Stock Performance

Shares of NASDAQ:BMBL opened at $10.12 on Tuesday. Bumble has a 1 year low of $10.06 and a 1 year high of $21.06. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -337.33, a price-to-earnings-growth ratio of 0.30 and a beta of 1.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.01 and a quick ratio of 2.01. The company’s 50 day simple moving average is $11.71 and its 200 day simple moving average is $13.30.

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

Analyst Upgrades and Downgrades

BMBL has been the topic of a number of recent research reports. Susquehanna lowered their target price on Bumble from $17.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 target price on shares of Bumble in a report on Wednesday, February 28th. JPMorgan Chase & Co. decreased their price target on shares of Bumble from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. KeyCorp dropped their price objective on shares of Bumble from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, BTIG Research decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.13.

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.