Daiwa Securities Group Inc. Purchases 4,167 Shares of Bumble Inc. (NASDAQ:BMBL)

Daiwa Securities Group Inc. lifted its position in Bumble Inc. (NASDAQ:BMBLGet Rating) by 38.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 14,867 shares of the company’s stock after acquiring an additional 4,167 shares during the period. Daiwa Securities Group Inc.’s holdings in Bumble were worth $431,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GFG Capital LLC bought a new stake in shares of Bumble in the 1st quarter worth about $232,000. 180 Wealth Advisors LLC lifted its holdings in shares of Bumble by 21.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 14,686 shares of the company’s stock worth $399,000 after acquiring an additional 2,631 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of Bumble in the 1st quarter worth about $215,000. Accel Leaders Fund II Associates L.L.C. bought a new stake in shares of Bumble in the 4th quarter worth about $57,019,000. Finally, Sei Investments Co. lifted its holdings in shares of Bumble by 61.2% in the 4th quarter. Sei Investments Co. now owns 614,383 shares of the company’s stock worth $20,753,000 after acquiring an additional 233,310 shares during the last quarter. Institutional investors own 98.62% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BMBL. Royal Bank of Canada lowered their target price on shares of Bumble from $35.00 to $30.00 in a report on Thursday, May 12th. Raymond James raised their price target on shares of Bumble from $25.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 11th. Evercore ISI raised their price target on shares of Bumble from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, July 8th. Susquehanna Bancshares reduced their price target on shares of Bumble from $33.00 to $24.00 in a research note on Thursday, May 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Bumble from $34.00 to $39.00 in a research note on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.36.

Bumble Trading Down 4.6 %

NASDAQ BMBL opened at $33.88 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -483.93 and a beta of 1.14. The company’s 50-day simple moving average is $30.52 and its two-hundred day simple moving average is $27.91. Bumble Inc. has a one year low of $15.41 and a one year high of $61.05.

Bumble (NASDAQ:BMBLGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Bumble had a negative net margin of 0.94% and a negative return on equity of 0.58%. The business had revenue of $211.20 million for the quarter, compared to analysts’ expectations of $208.72 million. During the same period last year, the business earned ($0.17) EPS. Equities analysts forecast that Bumble Inc. will post 0.17 EPS for the current fiscal year.

Bumble Company Profile

(Get Rating)

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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.

Featured Articles

Want to see what other hedge funds are holding BMBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bumble Inc. (NASDAQ:BMBLGet Rating).

Institutional Ownership by Quarter for Bumble (NASDAQ:BMBL)

Receive News & Ratings for Bumble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bumble and related companies with MarketBeat.com's FREE daily email newsletter.