Following The Money: Institution’s Growing Stake In Bumble Inc (NASDAQ: BMBL)

Bumble Inc (BMBL) concluded trading on Wednesday at a closing price of $5.64, with 23.97 million shares of worth about $135.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.92% during that period and on February 19, 2025 the price saw a loss of about -30.31%. Currently the company’s common shares owned by public are about 112.56M shares, out of which, 73.46M shares are available for trading.

Stock saw a price change of -33.12% in past 5 days and over the past one month there was a price change of -26.69%. Year-to-date (YTD), BMBL shares are showing a performance of -30.65% which decreased to -59.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.80 but also hit the highest price of $13.56 during that period. The average intraday trading volume for Bumble Inc shares is 2.04 million. The stock is currently trading -29.81% below its 20-day simple moving average (SMA20), while that difference is down -29.65% for SMA50 and it goes to -32.55% lower than SMA200.

Bumble Inc (NASDAQ: BMBL) currently have 112.56M outstanding shares and institutions hold larger chunk of about 70.69% of that.

The stock has a current market capitalization of $610.69M and its 3Y-monthly beta is at 1.71. It has posted earnings per share of -$4.90 in the same period. It has Quick Ratio of 2.09 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BMBL, volatility over the week remained 6.81% while standing at 5.55% over the month.

Stock’s fiscal year EPS is expected to rise by 115.42% while it is estimated to increase by 0.72% in next year.

On August 16, 2024, TD Cowen Downgrade their recommendations, while on August 09, 2024, Susquehanna Downgrade their ratings for the stock with a price target of $6. Stock get a Hold rating from HSBC Securities on August 09, 2024.

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