BNP Paribas Financial Markets Purchases Shares of 250,847 Bumble Inc. (NASDAQ:BMBL)

BNP Paribas Financial Markets acquired a new position in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 250,847 shares of the company's stock, valued at approximately $2,042,000. BNP Paribas Financial Markets owned 0.23% of Bumble at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Bumble by 20.3% during 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. Canada Pension Plan Investment Board increased its holdings in shares of Bumble by 56.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company's stock worth $90,000 after buying an additional 4,000 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Bumble in the 4th quarter worth $97,000. Cerity Partners LLC purchased a new position in shares of Bumble in the 4th quarter worth $95,000. Finally, Olympiad Research LP acquired a new position in Bumble in the fourth quarter valued at $129,000. 94.85% of the stock is owned by institutional investors and hedge funds.

Bumble Stock Performance

Bumble stock traded up $0.04 during trading hours on Wednesday, reaching $5.69. 2,285,284 shares of the company were exchanged, compared to its average volume of 3,121,295. Bumble Inc. has a 12 month low of $3.55 and a 12 month high of $12.30. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average of $4.60 and a 200 day moving average of $6.54. The firm has a market cap of $587.73 million, a price-to-earnings ratio of -1.16 and a beta of 1.76.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BMBL shares. Evercore ISI cut their price objective on Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Piper Sandler cut their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. UBS Group raised their target price on shares of Bumble from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Royal Bank of Canada decreased their price target on shares of Bumble from $7.00 to $5.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.71.

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.