Susquehanna Fundamental Investments LLC Buys New Position in Bumble Inc. (NASDAQ:BMBL)

Susquehanna Fundamental Investments LLC bought a new position in Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 55,369 shares of the company's stock, valued at approximately $451,000. Susquehanna Fundamental Investments LLC owned about 0.05% of Bumble at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Bumble by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company's stock worth $32,279,000 after purchasing an additional 22,136 shares during the last quarter. First Trust Advisors LP raised its position in Bumble by 429.5% during the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock valued at $6,287,000 after acquiring an additional 626,528 shares in the last quarter. RBF Capital LLC purchased a new position in Bumble in the fourth quarter valued at $5,157,000. Barclays PLC boosted its stake in shares of Bumble by 202.9% during the 4th quarter. Barclays PLC now owns 553,186 shares of the company's stock worth $4,503,000 after acquiring an additional 370,568 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. grew its holdings in Bumble by 18.4% in the fourth 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 period. Institutional investors and hedge funds own 94.85% of the company's stock.

Analyst Upgrades and Downgrades

BMBL has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Bumble from $6.00 to $5.50 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Citigroup cut their price objective on Bumble from $6.80 to $4.80 and set a "neutral" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Evercore ISI dropped their price target on Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their target price on shares of Bumble from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.75.

Bumble Stock Up 1.1 %

NASDAQ BMBL traded up $0.06 on Friday, hitting $5.62. 4,037,036 shares of the stock were exchanged, compared to its average volume of 3,152,463. Bumble Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $12.49. The company has a 50-day moving average price of $4.44 and a 200-day moving average price of $6.62. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The company has a market cap of $593.17 million, a PE ratio of -1.15 and a beta of 1.76.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its earnings results 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). Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The business had revenue of $247.10 million for the quarter, compared to analysts' expectations of $246.68 million. During the same quarter in the previous year, the firm earned $0.19 EPS. Bumble's revenue for the quarter was down 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Bumble Inc. will post 4.19 EPS for the current fiscal year.

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.