With over 3.89 million Bumble Inc (BMBL) shares trading Tuesday and a closing price of $14.41 on the day, the dollar volume was approximately $56.09 million. The shares have shown a negative half year performance of -22.57% and its price on 01/09/24 gained nearly 2.20%. Currently, there are 129.77M common shares owned by the public and among those 97.25M shares have been available to trade.
Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 26,651,683 shares. Insider sales of the common stock occurred on 43 occasions, with total insider shares sold totaling 58,770,432 shares.
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Shares of Bumble Inc (NASDAQ: BMBL) opened at $14.715, up $0.62 from a prior closing price of $14.10. However, the script later moved the day high at 15.03, up 2.20%. The company’s stock has a 5-day price change of -0.62% and 0.63% over the past three months. BMBL shares are trading -2.24% year to date (YTD), with the 12-month market performance down to -26.06% lower. It has a 12-month low price of $12.29 and touched a high of $27.92 over the same period. BMBL has an average intraday trading volume of 2.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.99%, 1.08%, and -10.97% respectively.
Institutional ownership of Bumble Inc (NASDAQ: BMBL) shares accounts for 69.53% of the company’s 129.77M shares outstanding.
It has a market capitalization of $1.97B and a beta (3y monthly) value of 1.79. The earnings-per-share (ttm) stands at -$0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.53% over the week and 4.00% over the month.
Analysts forecast that Bumble Inc (BMBL) will achieve an EPS of $0.11 for the current quarter, $0.09 for the next quarter and $0.49 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was -$0.85 a year ago. Earnings per share for the fiscal year are expected to increase by 144.15%, and 83.39% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 24 brokerage firm advisors rate Bumble Inc (BMBL) as a “Strong Buy” at a consensus score of 1.75. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 8 of the 24 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BMBL, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on December 07, 2023, with the firm’s price target at $19.
