RPD Fund Management LLC Takes Position in Bumble Inc. (NASDAQ:BMBL)

RPD Fund Management LLC acquired a new position in Bumble Inc. (NASDAQ:BMBL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,800,966 shares of the company's stock, valued at approximately $30,940,000. Bumble accounts for 12.6% of RPD Fund Management LLC's holdings, making the stock its 4th largest position. RPD Fund Management LLC owned approximately 3.51% of Bumble as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC increased 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 buying an additional 1,249 shares during the period. Franklin Resources Inc. increased its stake in shares of Bumble by 2.7% during 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 during the period. Rhumbline Advisers increased its stake in shares of Bumble by 1.4% during 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 during the period. JPMorgan Chase & Co. increased its stake in shares of Bumble by 2.1% during the third 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 period. Finally, Aigen Investment Management LP increased 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 buying an additional 3,853 shares during the period. 94.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BMBL. The Goldman Sachs Group boosted their target price on Bumble from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price target on Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley decreased their price objective on Bumble from $6.00 to $5.50 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus decreased their price target on shares of Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.71.

Bumble Stock Down 1.2%

Shares of NASDAQ BMBL traded down $0.07 during trading on Monday, reaching $5.70. The company had a trading volume of 2,303,656 shares, compared to its average volume of 3,126,895. Bumble Inc. has a 12-month low of $3.55 and a 12-month high of $12.49. The stock has a market cap of $601.61 million, a PE ratio of -1.17 and a beta of 1.76. The business's 50-day moving average is $4.56 and its 200 day moving average is $6.55. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The company had revenue of $247.10 million during the quarter, compared to analysts' expectations of $246.68 million. During the same period in the prior year, the company posted $0.19 earnings per share. The company's revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

Bumble Company 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.