Barclays PLC Increases Holdings in Bumble Inc. (NASDAQ:BMBL)

Barclays PLC raised its holdings in Bumble Inc. (NASDAQ:BMBL - Free Report) by 202.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 553,186 shares of the company's stock after buying an additional 370,568 shares during the quarter. Barclays PLC owned about 0.51% of Bumble worth $4,503,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Bumble during the 4th quarter valued at $56,000. Cerity Partners LLC bought a new stake in shares of Bumble during the 4th quarter valued at about $95,000. Corient Private Wealth LLC purchased a new position in shares of Bumble during the fourth quarter valued at about $97,000. Olympiad Research LP bought a new position in Bumble in the fourth quarter worth about $129,000. Finally, AlphaQuest LLC raised its stake in Bumble by 43,248.7% in the fourth quarter. AlphaQuest LLC now owns 16,906 shares of the company's stock worth $138,000 after buying an additional 16,867 shares in the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Stock Up 5.5 %

Shares of BMBL stock traded up $0.25 during mid-day trading on Friday, hitting $4.69. The company's stock had a trading volume of 880,368 shares, compared to its average volume of 3,105,130. The stock has a market cap of $494.48 million, a price-to-earnings ratio of -0.96 and a beta of 1.77. 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 Inc. has a 52-week low of $3.55 and a 52-week high of $12.49. The business has a 50-day moving average price of $4.49 and a 200 day moving average price of $6.70.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BMBL. Royal Bank of Canada reduced their target price on Bumble from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley reduced their price target on Bumble from $6.00 to $5.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Susquehanna lowered their price objective on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group lowered their price target on shares of Bumble from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. cut 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, February 19th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Bumble currently has an average rating of "Hold" and a consensus target price of $6.82.

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.