In yesterday’s Wall Street session, Bumble Inc (NASDAQ:BMBL) shares traded at $11.45, up 11.49% from the previous session.
BMBL stock price is now 6.98% away from the 50-day moving average and -16.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.
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, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, BTOA – NQ L.L.C., 10% Owner sold 2,509,316 shares of the company’s stock on Mar 03 ’24. The stock was sold for $27,845,378 at an average price of $11.10. Upon completion of the transaction, the 10% Owner now directly owns 12,802 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’24, 10% Owner BCP Buzz Holdings L.P. sold 2,509,316 shares of the business’s stock. A total of $27,845,378 was realized by selling the stock at an average price of $11.10. This leaves the insider owning 12,802 shares of the company worth $0.15 million. A total of 28.53% of the company’s stock is owned by insiders.
During the past 12 months, Bumble Inc has had a low of $9.83 and a high of $21.06. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.96, and a quick ratio of 2.01.
According to the Software – Application Company, earnings per share came in at 0.05, beating analysts’ expectations of 0.03 by 0.02. This compares to -$1.17 EPS in the same period last year. The net profit margin was 2.04% and return on equity was 1.32% for BMBL. The company reported revenue of $273.64 million for the quarter, compared to $241.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.25 percent. For the current quarter, analysts expect BMBL to generate $278.63M in revenue.
