Invesco Ltd. Has $1.21 Million Stake in Bumble Inc. $BMBL

Invesco Ltd. lifted its stake in Bumble Inc. (NASDAQ:BMBL - Free Report) by 45.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,346 shares of the company's stock after acquiring an additional 86,600 shares during the period. Invesco Ltd. owned 0.26% of Bumble worth $1,208,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Bumble by 20.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after acquiring an additional 1,249 shares in the last quarter. Mariner LLC boosted its stake in Bumble by 25.3% during the 4th quarter. Mariner LLC now owns 19,415 shares of the company's stock valued at $158,000 after purchasing an additional 3,926 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Bumble by 14.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 36,194 shares of the company's stock valued at $295,000 after purchasing an additional 4,584 shares during the period. Cerity Partners LLC boosted its stake in Bumble by 40.0% during the 1st quarter. Cerity Partners LLC now owns 17,105 shares of the company's stock valued at $74,000 after purchasing an additional 4,885 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in Bumble by 8.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 70,019 shares of the company's stock valued at $304,000 after purchasing an additional 5,522 shares during the period. 94.85% of the stock is owned by institutional investors.

Bumble Price Performance

BMBL traded up $0.24 during midday trading on Friday, reaching $6.70. 3,879,739 shares of the company's stock were exchanged, compared to its average volume of 4,126,083. The firm has a market capitalization of $696.87 million, a price-to-earnings ratio of -1.37, a price-to-earnings-growth ratio of 0.93 and a beta of 1.95. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 1.00. Bumble Inc. has a one year low of $3.55 and a one year high of $9.22. The business has a 50-day simple moving average of $6.85 and a two-hundred day simple moving average of $5.61.

Bumble (NASDAQ:BMBL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The firm had revenue of $248.23 million during the quarter, compared to analysts' expectations of $243.72 million. Bumble had a negative net margin of 82.41% and a positive return on equity of 10.35%. The company's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. As a group, research analysts predict that Bumble Inc. will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research upgraded Bumble to a "hold" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. restated an "underweight" rating and set a $5.00 target price on shares of Bumble in a research note on Tuesday, June 3rd. Susquehanna restated a "neutral" rating and set a $7.00 target price (up previously from $5.00) on shares of Bumble in a research note on Monday, August 11th. Citigroup boosted their price target on Bumble from $4.80 to $7.00 and gave the company a "neutral" rating in a research note on Friday, June 27th. Finally, UBS Group boosted their price target on Bumble from $6.00 to $7.50 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Bumble presently has an average rating of "Hold" and a consensus target price of $6.63.

Insider Activity

In other Bumble news, CEO Whitney Wolfe Herd sold 1,365,116 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $8,545,626.16. Following the completion of the transaction, the chief executive officer owned 1,598,258 shares in the company, valued at $10,005,095.08. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,124,652 shares of company stock valued at $426,460,322. 15.84% of the stock is owned by company insiders.

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.