Barclays PLC Decreases Holdings in Bumble Inc. (NASDAQ:BMBL)

Barclays PLC lowered its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 96.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 182,618 shares of the company’s stock after selling 5,058,731 shares during the period. Barclays PLC owned about 0.14% of Bumble worth $1,166,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Bumble in the 2nd quarter valued at about $82,000. Headlands Technologies LLC purchased a new stake in shares of Bumble during the second quarter valued at approximately $94,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bumble in the second quarter worth approximately $111,000. SG Americas Securities LLC purchased a new position in shares of Bumble in the third quarter worth $71,000. Finally, Capital Management Associates Inc bought a new stake in Bumble during the 3rd quarter valued at $74,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BMBL. Citigroup raised their price target on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Susquehanna upped their price target on Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Bumble in a report on Thursday, November 7th. Finally, KeyCorp cut Bumble from an “overweight” rating to a “sector weight” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bumble currently has an average rating of “Hold” and an average target price of $8.38.

Bumble Trading Down 0.7 %

Bumble stock opened at $8.02 on Monday. Bumble Inc. has a 12 month low of $4.80 and a 12 month high of $15.33. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The business’s fifty day simple moving average is $8.00 and its two-hundred day simple moving average is $7.86. The company has a market capitalization of $867.62 million, a price-to-earnings ratio of -1.64 and a beta of 1.71.

Bumble Company 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 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.