Mercer Global Advisors Inc. ADV Grows Position in Bumble Inc. (NASDAQ:BMBL)

Mercer Global Advisors Inc. ADV raised its position in Bumble Inc. (NASDAQ:BMBL) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,194 shares of the company’s stock after purchasing an additional 4,584 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Bumble were worth $295,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BMBL. Empowered Funds LLC acquired a new stake in shares of Bumble in the fourth quarter valued at about $187,000. Principal Financial Group Inc. grew its stake in shares of Bumble by 11.2% in the fourth quarter. Principal Financial Group Inc. now owns 158,790 shares of the company’s stock valued at $1,293,000 after buying an additional 15,958 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Bumble by 125.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 88,116 shares of the company’s stock valued at $717,000 after buying an additional 49,050 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Bumble by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company’s stock valued at $841,000 after buying an additional 2,760 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Bumble in the fourth quarter valued at about $189,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BMBL has been the subject of a number of recent research reports. UBS Group increased their target price on Bumble from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on Bumble from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Piper Sandler lowered their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus lowered their target price on Bumble from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.71.

Bumble Stock Performance

Bumble stock opened at $5.81 on Friday. The stock has a 50 day moving average of $4.54 and a 200-day moving average of $6.57. Bumble Inc. has a 52 week low of $3.55 and a 52 week high of $12.49. The stock has a market cap of $613.22 million, a P/E ratio of -1.19 and a beta of 1.76. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The firm had revenue of $247.10 million for the quarter, compared to the consensus estimate of $246.68 million. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts expect that Bumble Inc. will post 4.19 EPS for the current fiscal year.

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.