Bumble Inc (NASDAQ: BMBL) is -10.58% lower on its value in year-to-date trading and has touched a low of $12.29 and a high of $24.62 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 $12.72 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $13.18, the stock is -2.16% and -6.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.76 million and changing 3.62% at the moment leaves the stock -14.73% off its SMA200. BMBL registered -43.96% loss for a year compared to 6-month loss of -17.83%. The firm has a 50-day simple moving average (SMA 50) of $1.96 and a 200-day simple moving average (SMA200) of -$97.55.
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The stock witnessed a -7.18% gain in the last 1 month and extending the period to 3 months gives it a -6.39%, and is -0.75% down 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 3.71% over the week and 3.90% over the month.
Bumble Inc (BMBL) has around 950 employees, a market worth around $1.80B and $1.02B in sales. Fwd P/E is 17.52. Profit margin for the company is -8.70%. Distance from 52-week low is 7.24% and -46.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.83%).
Bumble Inc quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $275.29M over the same period.The EPS is expected to grow by 1870.94% this year, but quarterly earnings will post 16.60% year-over-year. Quarterly sales are estimated to grow 13.90% in year-over-year returns.
Bumble Inc (BMBL) Top Institutional Holders
313 institutions hold shares in Bumble Inc (BMBL), with institutional investors hold 95.84% of the company’s shares. The shares outstanding are 129.77M, and float is at 100.16M with Short Float at 9.03%. Institutions hold 94.71% of the Float.
The top institutional shareholder in the company is Blackstone Inc with over 36.64 million shares valued at $614.78 million. The investor’s holdings represent 26.84% of the BMBL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.03 million shares valued at $168.31 million to account for 7.35% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.42 million shares representing 6.90% and valued at over $158.0 million, while Wellington Management Group, LLP holds 5.83% of the shares totaling 7.96 million with a market value of $133.51 million.
Bumble Inc (BMBL) Insider Activity
A total of 3 insider transactions have happened at Bumble Inc (BMBL) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by BCP Buzz Holdings L.P.,the company’s10% Owner. SEC filings show that BCP Buzz Holdings L.P. sold 4,012,101 shares of the company’s common stock on Dec 03 at a price of $13.88 per share for a total of $55.69 million. Following the sale, the insider now owns 13869.0 shares.
Bumble Inc disclosed in a document filed with the SEC on Dec 03 that BX Buzz ML-1 Holdco L.P. (10% Owner) sold a total of 4,012,101 shares of the company’s common stock. The trade occurred on Dec 03 and was made at $13.88 per share for $55.69 million. Following the transaction, the insider now directly holds 13869.0 shares of the BMBL stock.
Still, SEC filings show that on Dec 03, Blackstone Holdings III GP Man (10% Owner) disposed off 4,012,101 shares at an average price of $13.88 for $55.69 million. The insider now directly holds 13,869 shares of Bumble Inc (BMBL).
