53,013 Shares in Bumble Inc. (NASDAQ:BMBL) Acquired by Seven Eight Capital LP

Seven Eight Capital LP purchased a new stake in Bumble Inc. (NASDAQ:BMBLFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 53,013 shares of the company’s stock, valued at approximately $781,000.

Several other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC lifted its holdings in shares of Bumble by 98.6% during the fourth quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock worth $32,000 after buying an additional 1,092 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Bumble in the 4th quarter worth about $68,000. EverSource Wealth Advisors LLC raised its stake in Bumble by 73.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company’s stock worth $77,000 after purchasing an additional 2,210 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Bumble in the 3rd quarter valued at about $161,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Bumble during the 3rd quarter worth approximately $177,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BMBL. Susquehanna dropped their price target on shares of Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. Morgan Stanley initiated coverage on Bumble in a research report on Thursday, April 18th. They set an “equal weight” rating and a $13.00 target price for the company. 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. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 price target (down previously from $14.00) on shares of Bumble in a research note on Wednesday, February 28th. Finally, KeyCorp cut their price objective on shares of Bumble from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bumble currently has an average rating of “Moderate Buy” and a consensus price target of $15.89.

Get Our Latest Analysis on BMBL

Bumble Stock Down 2.1 %

Shares of BMBL opened at $10.98 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.96 and a current ratio of 1.96. Bumble Inc. has a 52 week low of $9.83 and a 52 week high of $21.06. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 64.59 and a beta of 1.72. The stock has a fifty day moving average of $11.02 and a 200-day moving average of $12.49.

Bumble (NASDAQ:BMBLGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 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 the consensus estimate of $265.41 million. During the same period last year, the company earned ($0.01) earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Bumble Inc. will post 0.88 earnings per share for the current fiscal year.

About Bumble

(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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