Bumble Inc. (NASDAQ:BMBL) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. trimmed its position in Bumble Inc. (NASDAQ:BMBLGet Rating) by 48.4% in the first quarter, HoldingsChannel.com reports. The firm owned 10,496 shares of the company’s stock after selling 9,832 shares during the quarter. FDx Advisors Inc.’s holdings in Bumble were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cannon Global Investment Management LLC acquired a new stake in shares of Bumble during the 1st quarter valued at $365,000. Whittier Trust Co. purchased a new stake in shares of Bumble in the first quarter valued at $29,000. Focused Wealth Management Inc acquired a new position in shares of Bumble in the first quarter worth $87,000. Daiwa Securities Group Inc. increased its stake in shares of Bumble by 38.9% in the first quarter. Daiwa Securities Group Inc. now owns 14,867 shares of the company’s stock worth $431,000 after acquiring an additional 4,167 shares during the last quarter. Finally, GFG Capital LLC acquired a new position in shares of Bumble in the first quarter worth $232,000. Institutional investors and hedge funds own 98.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BMBL shares. Susquehanna lowered their target price on shares of Bumble from $33.00 to $24.00 in a research report on Thursday, May 12th. Cowen raised their price target on Bumble from $36.00 to $38.00 in a research report on Thursday, May 12th. Royal Bank of Canada lowered their price target on Bumble from $35.00 to $30.00 in a research report on Thursday, May 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Bumble in a research report on Friday, June 10th. Finally, Evercore ISI raised their price target on Bumble from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, July 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.36.

Bumble Stock Performance

NASDAQ BMBL opened at $37.60 on Friday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of -537.07 and a beta of 1.14. The company has a 50 day moving average of $31.14 and a 200-day moving average of $28.05. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.25. Bumble Inc. has a 1-year low of $15.41 and a 1-year high of $61.05.

Bumble (NASDAQ:BMBLGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $211.20 million during the quarter, compared to analyst estimates of $208.72 million. Bumble had a negative net margin of 0.94% and a negative return on equity of 0.58%. During the same quarter last year, the business posted ($0.17) earnings per share. On average, equities analysts forecast that Bumble Inc. will post 0.17 earnings per share for the current fiscal year.

Bumble Company Profile

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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.

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Institutional Ownership by Quarter for Bumble (NASDAQ:BMBL)

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