Bumble Sees Unusually Large Options Volume (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL - Get Free Report) was the target of some unusual options trading activity on Tuesday. Traders bought 36,440 put options on the stock. This is an increase of 1,180% compared to the average volume of 2,847 put options.

Bumble Stock Performance

Shares of NASDAQ BMBL traded down $0.26 during midday trading on Friday, hitting $5.21. 7,188,133 shares of the company's stock were exchanged, compared to its average volume of 3,086,513. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $564.05 million, a PE ratio of -1.07 and a beta of 1.70. Bumble has a 12 month low of $4.80 and a 12 month high of $13.36. The company's 50 day moving average price is $7.86 and its 200 day moving average price is $7.40.

Institutional Investors Weigh In On Bumble

Several hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Bumble in the fourth quarter valued at $56,000. Tower Research Capital LLC TRC boosted its holdings in shares of Bumble by 20.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after buying an additional 1,249 shares during the period. SG Americas Securities LLC acquired a new position in Bumble in the 3rd quarter valued at about $71,000. Capital Management Associates Inc bought a new position in Bumble in the 3rd quarter valued at about $74,000. Finally, D.A. Davidson & CO. acquired a new stake in Bumble during the third quarter worth approximately $77,000. Institutional investors and hedge funds own 94.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BMBL shares. Morgan Stanley increased their target price on Bumble from $7.50 to $8.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Stifel Nicolaus decreased their price objective on Bumble from $7.00 to $6.00 and set a "hold" rating for the company in a report on Wednesday. Citigroup reduced their target price on shares of Bumble from $8.00 to $6.80 and set a "neutral" rating for the company in a report on Wednesday. Wolfe Research cut shares of Bumble from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, Susquehanna decreased their price objective on Bumble from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $8.05.

Bumble Company Profile

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.