PDT Partners LLC bought a new position in Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 217,114 shares of the company's stock, valued at approximately $1,767,000. PDT Partners LLC owned about 0.20% of Bumble at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BMBL. FNY Investment Advisers LLC purchased a new position in shares of Bumble in the fourth quarter worth about $56,000. Tower Research Capital LLC TRC raised its position in Bumble by 20.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after buying an additional 1,249 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Bumble by 56.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company's stock valued at $90,000 after acquiring an additional 4,000 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of Bumble in the 4th quarter valued at $97,000. Finally, Cerity Partners LLC acquired a new stake in shares of Bumble in the fourth quarter worth $95,000. Institutional investors and hedge funds own 94.85% of the company's stock.
Bumble Price Performance
Shares of NASDAQ BMBL traded up $0.22 during midday trading on Friday, hitting $4.66. The stock had a trading volume of 3,513,505 shares, compared to its average volume of 3,116,988. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $4.48 and a 200-day simple moving average of $6.69. The company has a market capitalization of $491.84 million, a PE ratio of -0.95 and a beta of 1.77. Bumble Inc. has a 1 year low of $3.55 and a 1 year high of $12.49.
Analyst Ratings Changes
Several research firms have commented on BMBL. Evercore ISI lowered their price target on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their target price on Bumble from $6.80 to $4.80 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company reduced their price target on Bumble from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price objective on Bumble from $8.00 to $7.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Morgan Stanley decreased their target price on shares of Bumble from $6.00 to $5.50 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.82.
Check Out Our Latest Research Report on BMBL
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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