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GSA Capital Partners LLP Takes $808,000 Position in Bumble Inc. (NASDAQ:BMBL)

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Key Points

  • GSA Capital Partners LLP acquired a new stake in Bumble Inc., purchasing 186,106 shares valued at approximately $808,000, representing about 0.18% of the company.
  • Analyst ratings for Bumble Inc. are mixed, with a consensus rating of "Hold" and a target price averaging $6.60, reflecting recent downgrades from several firms.
  • Bumble's most recent earnings report revealed a net margin of -54.06% and a 7.7% revenue decline year-over-year, although it slightly surpassed revenue expectations with $247.10 million reported.
  • MarketBeat previews the top five stocks to own by September 1st.

GSA Capital Partners LLP bought a new stake in Bumble Inc. (NASDAQ:BMBL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 186,106 shares of the company's stock, valued at approximately $808,000. GSA Capital Partners LLP owned approximately 0.18% of Bumble as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of Bumble by 25.5% in the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock valued at $51,953,000 after purchasing an additional 1,298,630 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bumble by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company's stock valued at $32,279,000 after purchasing an additional 22,136 shares during the period. RPD Fund Management LLC acquired a new stake in Bumble in the 4th quarter worth about $30,940,000. Northern Trust Corp increased its stake in Bumble by 3.5% during the 4th quarter. Northern Trust Corp now owns 950,014 shares of the company's stock worth $7,733,000 after buying an additional 32,353 shares in the last quarter. Finally, First Trust Advisors LP lifted its position 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 valued at $6,287,000 after acquiring an additional 626,528 shares in the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BMBL shares. UBS Group upped their price target on Bumble from $6.00 to $7.50 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus dropped their target price on Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Bank of America lifted their target price on Bumble from $5.25 to $5.50 and gave the company an "underperform" rating in a report on Wednesday, July 2nd. Wells Fargo & Company restated a "positive" rating on shares of Bumble in a research note on Friday, June 27th. Finally, Citigroup upped their target price on shares of Bumble from $4.80 to $7.00 and gave the company a "neutral" rating in a report on Friday, June 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Bumble presently has an average rating of "Hold" and a consensus price target of $6.60.

View Our Latest Research Report on BMBL

Bumble Price Performance

Shares of Bumble stock traded up $0.11 during midday trading on Monday, hitting $7.70. The company had a trading volume of 3,210,057 shares, compared to its average volume of 2,714,543. Bumble Inc. has a 1-year low of $3.55 and a 1-year high of $9.22. The business's 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $5.86. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL - Get Free Report) last announced 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). The firm had revenue of $247.10 million for the quarter, compared to analyst estimates of $246.68 million. Bumble had a positive return on equity of 5.81% and a negative net margin of 54.06%. Bumble's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS. On average, equities research analysts anticipate that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

About Bumble

(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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Institutional Ownership by Quarter for Bumble (NASDAQ:BMBL)

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