Approximately 20,700,000 Shares Of Bumble Inc. (BMBL) Were Sold By This Insider.

Bumble Inc. (NASDAQ:BMBL) trading with an addition of $0.65 to $52.57 on Thursday, an upside of 1.25 percent. An average of 1,012,474 shares of common stock have been traded in the last five days. There was a gain of $3.25 in the past week. The last 20 days have seen an average of 1,479,394 shares traded, while the 50-day average volume stands at 2,059,802.

BMBL stock has decreased by -0.75% in the last month. The company shares reached their 1-month lowest point of $47.80 on 10/04/21. Shares of the company touched a low of $38.91 and a high of $84.80 in 52 weeks. In spite of this, the price is down -38.01% from the 52-week high.

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Insider Transactions

29 days have passed since Bumble Inc. (BMBL) last reported insider trading activity. BX Buzz ML-1 GP LLC, who is 10% Owner, most recently acquired $20,700,000 shares at $52.38 per share on Sep 15. In this transaction, the insider spent $1,084,266,000. 10% Owner, BTOA – NQ L.L.C., disposed of 20,700,000 shares at a price of $52.38 on Sep 15. The insider now owns more than $1,084,266,000 worth of shares. Prior to that, 10% Owner BCP Buzz Holdings L.P. went on to Sale 20,700,000 shares at $52.38 each on Sep 15. An amount of $1,084,266,000 was transacted.

Valuation Metrics

Bumble Inc. (BMBL) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.85 for the sector. In the last five years, Bumble Inc.’s PE ratio has ranged between 35.48 and 27.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.12, the price-to-book (PB) ratio at 4.14.

The quick ratio of Bumble Inc. for the three months ended June 29 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.42 for the quarter ending June 29. Bumble Inc.’s EBITDA margin for the year ending June 29 is 13.74%, while its operating margin for the same period stands at -21.60%. Its gross profit as reported stood at $349.17 million compared to revenue of $488.94 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Bumble Inc. had $621.65 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$7.08 million in the quarter, while revenues of $341.79 million were grew 100.0%. The analyst consensus anticipated Bumble Inc.’s latest quarter earnings to come in at $0.01 per share, but it turned out to be -$0.06, a -700.00% surprise. For the quarter, EBITDA amounted to $17.41 million. Shareholders own equity worth $119.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Bumble Inc. (BMBL) price momentum. RSI 9-day as of the close on 13 October was 61.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.50%.

As of today, BMBL’s price is $50.80 +6.41% or $3.25 from its 5-day moving average. BMBL is currently trading -1.71% lower than its 20-day SMA and +36.38% higher than its 100-day SMA. However, the stock’s current price level is +13.56% above the SMA50.

The stochastic %K and %D were 56.16% and 35.15%, respectively, and the average true range (ATR) was 2.36. With the 14-day stochastic at 86.01% and the average true range at 2.47, the RSI (14) stands at 55.86%. The stock has reached 1.92 on the 9-day MACD Oscillator while the 14-day reading was at 1.53.

Analyst Ratings

RBC Capital Mkts launched coverage on Bumble Inc. (NASDAQ: BMBL) in its analyst report released on July 09, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Bumble Inc. (BMBL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BMBL, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is BMBL’s price target for the next 12 months?

Analysts predict a range of price targets between $50.00 and $75.00, with a median target of $61.00. Taking a look at these predictions, the average price target given by analysts for Bumble Inc. (BMBL) stock is $62.29.


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