Susquehanna Fundamental Investments LLC acquired a new stake in Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,369 shares of the company's stock, valued at approximately $451,000. Susquehanna Fundamental Investments LLC owned 0.05% of Bumble as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Bumble by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company's stock valued at $32,279,000 after buying an additional 22,136 shares during the period. First Trust Advisors LP boosted its position in shares of Bumble by 429.5% in the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock worth $6,287,000 after acquiring an additional 626,528 shares during the last quarter. RBF Capital LLC purchased a new stake in Bumble in the fourth quarter valued at approximately $5,157,000. Barclays PLC increased its position in Bumble by 202.9% during the fourth quarter. Barclays PLC now owns 553,186 shares of the company's stock worth $4,503,000 after purchasing an additional 370,568 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. boosted its holdings in shares of Bumble by 18.4% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company's stock valued at $3,960,000 after purchasing an additional 75,635 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Bumble Trading Up 5.0 %
NASDAQ:BMBL opened at $4.66 on Friday. The stock has a market cap of $491.84 million, a price-to-earnings ratio of -0.95 and a beta of 1.77. Bumble Inc. has a one year low of $3.55 and a one year high of $12.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The business's 50-day simple moving average is $4.48 and its 200 day simple moving average is $6.69.
Wall Street Analyst Weigh In
A number of analysts have recently commented on BMBL shares. Morgan Stanley dropped 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. Royal Bank of Canada dropped their price target on Bumble from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Citigroup decreased their target price on Bumble from $6.80 to $4.80 and set a "neutral" rating for the company in a report on Friday, April 25th. Evercore ISI cut 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. Finally, Stifel Nicolaus decreased their price objective 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 investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Bumble presently has an average rating of "Hold" and a consensus target price of $6.82.
Get Our Latest Stock 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bumble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bumble wasn't on the list.
While Bumble currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
