Two Sigma Investments LP Acquires New Shares in Bumble Inc. (NASDAQ:BMBL)

Two Sigma Investments LP bought a new stake in Bumble Inc. (NASDAQ:BMBL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,516 shares of the company's stock, valued at approximately $476,000. Two Sigma Investments LP owned 0.05% of Bumble as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Bumble by 20.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after buying an additional 1,249 shares in the last quarter. Franklin Resources Inc. boosted its position in Bumble by 2.7% in the fourth quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock valued at $521,000 after buying an additional 1,666 shares in the last quarter. Rhumbline Advisers boosted its position in Bumble by 1.4% in the fourth quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock valued at $1,262,000 after buying an additional 2,157 shares in the last quarter. Aigen Investment Management LP boosted its position in Bumble by 14.2% in the fourth quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock valued at $253,000 after buying an additional 3,853 shares in the last quarter. Finally, Mariner LLC boosted its position in Bumble by 25.3% in the fourth quarter. Mariner LLC now owns 19,415 shares of the company's stock valued at $158,000 after buying an additional 3,926 shares in the last quarter. Institutional investors own 94.85% of the company's stock.

Bumble Trading Up 0.6%

Shares of BMBL stock traded up $0.03 during trading hours on Friday, reaching $4.95. The company had a trading volume of 2,425,932 shares, compared to its average volume of 3,132,450. The company has a 50 day moving average of $4.95 and a 200 day moving average of $6.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market cap of $511.29 million, a price-to-earnings ratio of -1.01 and a beta of 1.90. Bumble Inc. has a 1-year low of $3.55 and a 1-year high of $10.80.

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, equities research analysts anticipate that Bumble Inc. will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Susquehanna reduced their price target on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. UBS Group boosted their price target on shares of Bumble from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Evercore ISI reduced their price target on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Finally, Morgan Stanley reduced their price target on shares of Bumble from $6.00 to $5.50 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.58.

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.