Voloridge Investment Management LLC lessened its stake in Bumble Inc. (NASDAQ:BMBL - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,562,886 shares of the company's stock after selling 256,013 shares during the quarter. Voloridge Investment Management LLC owned about 1.44% of Bumble worth $12,722,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. RPD Fund Management LLC bought a new position in shares of Bumble in the fourth quarter valued at approximately $30,940,000. Ameriprise Financial Inc. lifted its holdings in shares of Bumble by 25.5% during the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock worth $51,953,000 after acquiring an additional 1,298,630 shares during the period. RBF Capital LLC bought a new position in Bumble during the 4th quarter valued at about $5,157,000. First Trust Advisors LP raised its stake in shares of Bumble by 429.5% in the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock worth $6,287,000 after acquiring an additional 626,528 shares during the last quarter. Finally, Barclays PLC grew its holdings in Bumble by 202.9% during the fourth quarter. Barclays PLC now owns 553,186 shares of the company's stock valued at $4,503,000 after purchasing an additional 370,568 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.
Analyst Ratings Changes
BMBL has been the subject of a number of research reports. Wells Fargo & Company cut their target price 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. Susquehanna lowered their target price on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Morgan Stanley cut their price objective on shares of Bumble from $6.00 to $5.50 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. 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. Finally, Evercore ISI reduced their price target on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Bumble presently has a consensus rating of "Hold" and a consensus target price of $6.71.
Get Our Latest Report on BMBL
Bumble Price Performance
Shares of BMBL traded down $0.05 on Thursday, hitting $6.08. The company's stock had a trading volume of 474,892 shares, compared to its average volume of 3,117,090. The company has a market capitalization of $627.49 million, a PE ratio of -1.24 and a beta of 1.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $12.03. The company has a 50 day moving average price of $4.73 and a 200 day moving average price of $6.47.
Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). The company had revenue of $247.10 million during the quarter, compared to analyst estimates of $246.68 million. Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. On average, research analysts anticipate that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.
Bumble Company Profile
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Free Report)
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.
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