Bayesian Capital Management LP Invests $642,000 in Bumble Inc. (NASDAQ:BMBL)

Bayesian Capital Management LP bought a new stake in Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 78,815 shares of the company's stock, valued at approximately $642,000. Bayesian Capital Management LP owned approximately 0.07% of Bumble at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Bumble by 20.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after purchasing an additional 1,249 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Bumble by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock valued at $521,000 after purchasing an additional 1,666 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Bumble by 1.4% during the 4th quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock worth $1,262,000 after buying an additional 2,157 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bumble by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock worth $841,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Aigen Investment Management LP boosted its stake in shares of Bumble by 14.2% in the 4th quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock valued at $253,000 after purchasing an additional 3,853 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Stock Up 2.3 %

BMBL traded up $0.13 during midday trading on Friday, reaching $5.69. 7,325,281 shares of the company were exchanged, compared to its average volume of 3,136,230. The company has a market cap of $600.56 million, a price-to-earnings ratio of -1.16 and a beta of 1.76. Bumble Inc. has a one year low of $3.55 and a one year high of $12.49. The company's fifty day moving average price is $4.46 and its 200 day moving average price is $6.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09.

Bumble (NASDAQ:BMBL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The company had revenue of $247.10 million for the quarter, compared to the consensus estimate of $246.68 million. During the same quarter last year, the business posted $0.19 earnings per share. Bumble's revenue was down 7.7% on a year-over-year basis. As a group, analysts expect that Bumble Inc. will post 4.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BMBL. Piper Sandler dropped their price target on Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price target on shares of Bumble from $7.00 to $5.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Citigroup reduced their target price on Bumble from $6.80 to $4.80 and set a "neutral" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group increased their price objective on shares of Bumble from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Evercore ISI dropped their target price on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.75.

Bumble 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.