Bumble Target of Unusually High Options Trading (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL) saw some unusual options trading on Tuesday. Investors acquired 36,440 put options on the company. This represents an increase of 1,180% compared to the typical volume of 2,847 put options.

Bumble Price Performance

NASDAQ BMBL opened at $5.64 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a market cap of $610.14 million, a price-to-earnings ratio of -1.15 and a beta of 1.70. The business has a 50 day simple moving average of $7.98 and a 200 day simple moving average of $7.43. Bumble has a 52-week low of $4.80 and a 52-week high of $13.56.

Wall Street Analysts Forecast Growth

BMBL has been the topic of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday. Susquehanna raised their price target on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Stifel Nicolaus dropped their price objective on shares of Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price objective on Bumble from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Wolfe Research downgraded Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Bumble has a consensus rating of “Hold” and a consensus price target of $8.18.

Institutional Investors Weigh In On Bumble

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Bumble in the fourth quarter valued at about $56,000. Tower Research Capital LLC TRC lifted its stake in Bumble by 20.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company’s stock valued at $60,000 after acquiring an additional 1,249 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Bumble in the third quarter valued at approximately $71,000. Capital Management Associates Inc acquired a new stake in shares of Bumble in the third quarter valued at approximately $74,000. Finally, D.A. Davidson & CO. acquired a new position in Bumble during the third quarter worth $77,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

About Bumble

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.