Seven entities affiliated with Blackstone Inc., which holds a ten percent stake in Bumble Inc. (NASDAQ:BMBL), executed a coordinated divestment of 7,477,500 shares of the dating application's Class A Common Stock on June 16, 2026. The aggregate value of these transactions reached approximately $28,228,310. The shares were disposed of at a specific price point of $3.7751 per share. According to filing footnotes, this price was calculated based on the volume-weighted average price of Bumble's Class A Common Stock over a hedging period associated with a post-paid forward transaction that concluded on the same day. This execution price stands as a notable premium relative to Bumble's current trading level of $2.96, reflecting the stock's approximately 44% decline over the past year. Market analysis suggests the stock may be undervalued at current levels, with a fair value estimate of $4.5, positioning it among potential opportunities on most undervalued stocks lists.
The divesting entities include BX Buzz ML-1 Holdco L.P., BX Buzz ML-2 Holdco L.P., BX Buzz ML-3 Holdco L.P., BX Buzz ML-4 Holdco L.P., BX Buzz ML-5 Holdco L.P., BX Buzz ML-6 Holdco L.P., and BX Buzz ML-7 Holdco L.P. Following these transactions, the collective holdings of these entities in Bumble's Class A Common Stock stand at 22,432,996 shares. The reporting owners are indirectly controlled by Blackstone Inc. through a complex ownership structure involving various limited partnerships and LLCs, as detailed in the filing footnotes. Blackstone Inc. is currently trading at $123.79, down 0.98%, while Bumble is trading at $0.00% (data placeholder).
In other recent developments, Bumble Inc. reported its first-quarter 2026 earnings, surpassing expectations with an earnings per share of $0.34 compared to the forecasted $0.27. The company also reported revenue of $212.4 million, slightly above the anticipated $211.61 million, though this marked a 14% decline year-over-year. BofA Securities responded by raising its price target for Bumble to $3.50 from $3.30, maintaining an Underperform rating, noting that the revenue upside was primarily driven by Badoo. Bumble is also launching a new paid group-dating feature called Plans in New York to address declining revenue and compete with rival Tinder. This feature involves small gatherings of users for in-person meetings, requiring a flat fee to RSVP. Meanwhile, Bumble's annual meeting saw shareholders elect directors and approve several proposals, including the ratification of the company's independent registered public accounting firm. These developments come as the Federal Trade Commission reminded tech companies, including Bumble, to comply with the Take It Down Act by the upcoming deadline.