29 institutions hold shares in Bumble Inc. (BMBL), with 611.32k shares held by insiders accounting for 0.53% while institutional investors hold 55.98% of the company’s shares. The shares outstanding are 117.03M, and float is at 45.00M with Short Float at 10.54%. Institutions hold 55.68% of the Float.
The top institutional shareholder in the company is Fidelity Contrafund Inc with over 1.32 million shares valued at $88.67 million. The investor’s holdings represent 1.14% of the BMBL Shares outstanding. As of Feb 27, 2021, the second largest holder is Fidelity Blue Chip Growth Fund with 0.41 million shares valued at $27.42 million to account for 0.35% of the shares outstanding. The other top investors are Fidelity Growth Company Fund which holds 0.3 million shares representing 0.26% and valued at over $20.16 million, while Fidelity Extended Market Index Fund holds 0.21% of the shares totaling 0.24 million with a market value of $16.22 million.
Bumble Inc. (NASDAQ: BMBL) is -8.99% lower on its value in year-to-date trading and has touched a low of $57.40 and a high of $84.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BMBL stock was last observed hovering at around $61.48 in the last trading session, with the day’s gains setting it 2.51% off its average median price target of $65.00 for the next 12 months. It is also 21.96% off the consensus price target high of $82.00 offered by 14 analysts, but current levels are -23.06% lower than the price target low of $52.00 for the same period.
Currently trading at $63.99, the stock is -2.12% and -4.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing 4.08% at the moment leaves the stock -4.77% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $66.85 and a 200-day simple moving average (SMA200) of $67.20.
The stock witnessed a 7.29% in the last 1 month, and is 2.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.64% over the week and 7.32% over the month.
Bumble Inc. (BMBL) has around 700 employees, a market worth around $7.49B and $582.10M in sales. Fwd P/E is 195.69. Distance from 52-week low is 11.48% and -24.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.90%).
Bumble Inc. (BMBL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bumble Inc. (BMBL) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 8 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Bumble Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $164.74M over the same period.The EPS is expected to shrink by -319.90% this year, but quarterly earnings will post 33.50% year-over-year.
Bumble Inc. (BMBL) Insider Activity
The most recent transaction is an insider purchase by Thomas-Graham Pamela, the company’s Director. SEC filings show that Thomas-Graham Pamela bought 6,535 shares of the company’s common stock on Feb 16 at a price of $76.23 per share for a total of $0.5 million. Following the purchase, the insider now owns 6535.0 shares.
Bumble Inc. disclosed in a document filed with the SEC on Feb 16 that Herd Whitney Wolfe (CEO & Director) bought a total of 488,371 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $43.00 per share for $21.0 million. Following the transaction, the insider now directly holds 0.47 million shares of the BMBL stock.
Still, SEC filings show that on Feb 16, Blackstone Holdings III GP Man (10% Owner) disposed off 24,798,848 shares at an average price of $41.06 for $1.02 billion. The insider now directly holds 2,951,847 shares of Bumble Inc. (BMBL).