217,114 Shares in Bumble Inc. (NASDAQ:BMBL) Purchased by PDT Partners LLC

PDT Partners LLC bought a new stake in Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 217,114 shares of the company's stock, valued at approximately $1,767,000. PDT Partners LLC owned approximately 0.20% of Bumble as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Bumble by 20.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after purchasing an additional 1,249 shares during the period. Franklin Resources Inc. lifted its holdings in Bumble by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock worth $521,000 after buying an additional 1,666 shares in the last quarter. Rhumbline Advisers lifted its holdings in Bumble by 1.4% in the 4th quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock worth $1,262,000 after buying an additional 2,157 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Bumble by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock valued at $841,000 after buying an additional 2,760 shares during the last quarter. Finally, Aigen Investment Management LP grew its stake in shares of Bumble by 14.2% during the fourth quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock valued at $253,000 after acquiring an additional 3,853 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Bumble Stock Performance

Shares of BMBL stock traded down $0.11 during trading hours on Monday, reaching $4.56. The stock had a trading volume of 1,851,688 shares, compared to its average volume of 3,239,415. 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 50-day simple moving average of $4.48 and a 200-day simple moving average of $6.68. The firm has a market capitalization of $480.76 million, a PE ratio of -0.93 and a beta of 1.77. Bumble Inc. has a twelve month low of $3.55 and a twelve month high of $12.49.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler reduced their price target on Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus cut their price target on shares of Bumble from $6.00 to $4.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Susquehanna dropped their target price on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their price objective on Bumble from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.82.

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.