On May 5, 2023 at 10:06:56 ET an unusually large $393.75K block of Put contracts in Bumble Inc. (BMBL) was sold, with a strike price of $15.00 / share, expiring in 42 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.31 sigmas above the mean, placing it in the 99.70th percentile of all recent large trades made in BMBL options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 525 funds or institutions reporting positions in Bumble Inc.. This is a decrease of 21 owner(s) or 3.85% in the last quarter. Average portfolio weight of all funds dedicated to BMBL is 0.50%, an increase of 1.10%. Total shares owned by institutions decreased in the last three months by 0.02% to 152,477K shares. The put/call ratio of BMBL is 1.83, indicating a bearish outlook.
Analyst Price Forecast Suggests 52.57% Upside
As of April 24, 2023, the average one-year price target for Bumble Inc. is 26.91. The forecasts range from a low of 20.20 to a high of $36.75. The average price target represents an increase of 52.57% from its latest reported closing price of 17.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bumble Inc. is 1,070MM, an increase of 14.26%. The projected annual non-GAAP EPS is 0.20.
What are Other Shareholders Doing?
Blackstone Group holds 43,181K shares representing 31.39% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 11,094K shares representing 8.06% ownership of the company. In it's prior filing, the firm reported owning 11,903K shares, representing a decrease of 7.30%. The firm decreased its portfolio allocation in BMBL by 16.20% over the last quarter.
Wellington Management Group Llp holds 8,062K shares representing 5.86% ownership of the company. In it's prior filing, the firm reported owning 6,671K shares, representing an increase of 17.25%. The firm increased its portfolio allocation in BMBL by 11.43% over the last quarter.
Accel Growth Fund V Associates L.L.C. holds 5,055K shares representing 3.67% ownership of the company. No change in the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 3,505K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 3,079K shares, representing an increase of 12.16%. The firm increased its portfolio allocation in BMBL by 8.41% over the last quarter.
Bumble Background Information
(This description is provided by the company.)
Bumble Inc. is the parent company of Badoo and Bumble, two of the world’s highest-grossing dating apps with millions of users worldwide. The Bumble platform enables people to connect and build equitable and healthy relationships. Founded by CEO Whitney Wolfe Herd in 2014, the Bumble app is one of the first dating apps built with women at the center, and the Badoo app, which was founded in 2006, is one of the pioneers of web and mobile dating products. Bumble currently employs over 600 people in offices in Austin, Barcelona, London, and Moscow.See all Bumble Inc. regulatory filings.
This story originally appeared on Fintel.
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