Victory Capital Management Inc. Has $193,000 Stake in Bumble Inc. (NASDAQ:BMBL)

Victory Capital Management Inc. decreased its stake in shares of Bumble Inc. (NASDAQ:BMBLFree Report) by 34.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,108 shares of the company’s stock after selling 6,933 shares during the quarter. Victory Capital Management Inc.’s holdings in Bumble were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BMBL. Hudson Bay Capital Management LP grew its position in shares of Bumble by 800.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 450,000 shares of the company’s stock worth $6,714,000 after buying an additional 400,000 shares during the period. Wellington Management Group LLP grew its position in shares of Bumble by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,303,961 shares of the company’s stock worth $123,895,000 after buying an additional 347,238 shares during the period. Vanguard Group Inc. grew its position in shares of Bumble by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,713,180 shares of the company’s stock worth $144,921,000 after buying an additional 297,286 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Bumble by 15.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,906,564 shares of the company’s stock worth $28,446,000 after buying an additional 258,288 shares during the period. Finally, Fred Alger Management LLC grew its position in shares of Bumble by 148.5% during the 3rd quarter. Fred Alger Management LLC now owns 285,348 shares of the company’s stock worth $4,257,000 after buying an additional 170,516 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of Bumble stock in a transaction dated Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total value of $27,853,407.60. Following the completion of the sale, the insider now owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

BMBL has been the topic of a number of recent research reports. Piper Sandler reiterated a “neutral” rating and issued a $13.00 target price (down from $14.00) on shares of Bumble in a report on Wednesday, February 28th. Evercore ISI increased their target price on Bumble from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft cut their target price on Bumble from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. The Goldman Sachs Group cut their target price on Bumble from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Susquehanna cut their target price on Bumble from $17.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.89.

View Our Latest Analysis on BMBL

Bumble Trading Up 0.3 %

Shares of Bumble stock opened at $11.47 on Tuesday. Bumble Inc. has a 1 year low of $9.83 and a 1 year high of $21.06. The firm has a market cap of $1.45 billion, a PE ratio of 67.47 and a beta of 1.67. The stock has a fifty day moving average price of $10.93 and a 200-day moving average price of $12.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.96 and a quick ratio of 1.96.

Bumble (NASDAQ:BMBLGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. Bumble had a return on equity of 0.92% and a net margin of 2.04%. The firm had revenue of $267.80 million during the quarter, compared to analyst estimates of $265.41 million. During the same period last year, the firm posted ($0.01) EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Bumble Inc. will post 0.88 EPS for the current year.

Bumble Profile

(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.

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Institutional Ownership by Quarter for Bumble (NASDAQ:BMBL)

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