RBF Capital LLC Invests $5.16 Million in Bumble Inc. (NASDAQ:BMBL)

RBF Capital LLC purchased a new stake in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 633,577 shares of the company's stock, valued at approximately $5,157,000. RBF Capital LLC owned about 0.59% of Bumble at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in 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 last quarter. Geode Capital Management LLC lifted its position in shares of Bumble by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,330,678 shares of the company's stock worth $14,872,000 after acquiring an additional 14,889 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Bumble by 429.5% during the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock valued at $6,287,000 after purchasing an additional 626,528 shares during the period. Barclays PLC grew its holdings in Bumble by 202.9% during the 4th quarter. Barclays PLC now owns 553,186 shares of the company's stock valued at $4,503,000 after buying an additional 370,568 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. lifted its holdings in shares of Bumble by 18.4% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company's stock worth $3,960,000 after buying an additional 75,635 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Bumble Trading Down 0.6 %

BMBL stock traded down $0.03 during midday trading on Monday, hitting $4.45. The company had a trading volume of 342,461 shares, compared to its average volume of 3,103,547. The stock has a market cap of $469.15 million, a price-to-earnings ratio of -0.91 and a beta of 1.77. Bumble Inc. has a 52 week low of $3.55 and a 52 week high of $12.49. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The stock's 50 day moving average price is $4.58 and its 200 day moving average price is $6.77.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley dropped their price target on Bumble from $6.00 to $5.50 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Citigroup decreased their price objective on shares of Bumble from $6.80 to $4.80 and set a "neutral" rating on the stock in a research report on Friday. Wells Fargo & Company decreased their price target on shares of Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Bumble from $8.00 to $7.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Bumble has an average rating of "Hold" and a consensus price target of $6.82.

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.