Deutsche Bank AG Sells 724,539 Shares of Bumble Inc. (NASDAQ:BMBL)

Deutsche Bank AG lessened its holdings in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,279 shares of the company's stock after selling 724,539 shares during the period. Deutsche Bank AG owned approximately 0.85% of Bumble worth $7,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BMBL. JPMorgan Chase & Co. increased its holdings in Bumble by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock worth $841,000 after purchasing an additional 2,760 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Bumble by 189.2% during the fourth quarter. SG Americas Securities LLC now owns 32,107 shares of the company's stock worth $261,000 after buying an additional 21,006 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Bumble during the fourth quarter worth about $214,000. Westbourne Investment Advisors Inc. raised its position in Bumble by 18.4% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company's stock valued at $3,960,000 after buying an additional 75,635 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Bumble in the 4th quarter valued at approximately $187,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BMBL shares. Stifel Nicolaus decreased their price target on shares of Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group lifted their price target on shares of Bumble from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Evercore ISI reduced their price objective on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Finally, Susquehanna decreased their price objective on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $6.71.

Bumble Stock Performance

Shares of BMBL traded up $0.04 during mid-day trading on Wednesday, reaching $5.69. The company's stock had a trading volume of 2,285,284 shares, compared to its average volume of 3,121,295. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. Bumble Inc. has a 1-year low of $3.55 and a 1-year high of $12.30. The business has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $6.54. The stock has a market cap of $587.73 million, a P/E ratio of -1.16 and a beta of 1.76.

Bumble (NASDAQ:BMBL - Get Free Report) last announced its quarterly earnings results 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). Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $246.68 million. During the same period in the prior year, the business earned $0.19 EPS. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

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.