Credit Suisse AG Purchases 38,333 Shares of Bumble Inc. (NASDAQ:BMBL)

Credit Suisse AG lifted its position in shares of Bumble Inc. (NASDAQ:BMBL) by 37.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,473 shares of the company’s stock after purchasing an additional 38,333 shares during the period. Credit Suisse AG owned 0.11% of Bumble worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of Bumble during the second quarter worth approximately $35,000. Public Employees Retirement System of Ohio increased its stake in shares of Bumble by 50.2% during the third quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock worth $35,000 after purchasing an additional 546 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Bumble by 236.8% during the first quarter. Nisa Investment Advisors LLC now owns 2,930 shares of the company’s stock worth $57,000 after purchasing an additional 2,060 shares during the period. Captrust Financial Advisors increased its stake in shares of Bumble by 87.3% during the first quarter. Captrust Financial Advisors now owns 4,581 shares of the company’s stock worth $133,000 after purchasing an additional 2,135 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its stake in Bumble by 23.9% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 5,404 shares of the company’s stock worth $106,000 after acquiring an additional 1,044 shares during the period. Institutional investors own 94.85% of the company’s stock.

Bumble Trading Up 1.3 %

Shares of BMBL stock opened at $16.99 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.82 and a current ratio of 2.82. Bumble Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $28.57. The company has a market cap of $2.32 billion, a PE ratio of -25.36 and a beta of 1.87. The stock’s fifty day moving average price is $17.50 and its two-hundred day moving average price is $18.31.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Bumble had a positive return on equity of 1.82% and a negative net margin of 8.94%. The company had revenue of $259.70 million for the quarter, compared to the consensus estimate of $256.63 million. During the same quarter last year, the business posted ($0.01) EPS. Bumble’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts predict that Bumble Inc. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BMBL. Royal Bank of Canada lowered their price objective on Bumble from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. Raymond James lowered their price objective on Bumble from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. Susquehanna lowered their price objective on Bumble from $30.00 to $25.00 in a research note on Monday, May 8th. Loop Capital lowered their price objective on Bumble from $19.00 to $18.00 in a research note on Tuesday, June 27th. Finally, KeyCorp lowered their price objective on Bumble from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, August 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bumble currently has an average rating of “Moderate Buy” and an average price target of $25.55.

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