Stifel Financial Corp Buys Shares of 102,016 Bumble Inc. (NASDAQ:BMBL)

Stifel Financial Corp 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 102,016 shares of the company's stock, valued at approximately $830,000. Stifel Financial Corp owned 0.09% of Bumble at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Bumble in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC raised its holdings in Bumble by 20.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after purchasing an additional 1,249 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Bumble by 56.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company's stock valued at $90,000 after buying an additional 4,000 shares in the last quarter. Cerity Partners LLC acquired a new stake in Bumble during the fourth quarter worth approximately $95,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Bumble in the 4th quarter valued at $97,000. 94.85% of the stock is owned by institutional investors.

Bumble Stock Performance

Bumble stock traded down $0.06 during mid-day trading on Thursday, hitting $5.94. 868,649 shares of the company's stock traded hands, compared to its average volume of 3,124,829. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $12.49. The stock has a market cap of $626.42 million, a price-to-earnings ratio of -1.21 and a beta of 1.76. The firm has a 50 day simple moving average of $4.53 and a two-hundred day simple moving average of $6.58.

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

Analysts Set New Price Targets

BMBL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Bumble from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Susquehanna reduced their price target on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Piper Sandler reduced their target price on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company cut 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 note on Wednesday, April 9th. Finally, Evercore ISI lowered their target price 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Bumble has a consensus rating of "Hold" and a consensus target price of $6.71.

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.