250,847 Shares in Bumble Inc. (NASDAQ:BMBL) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in shares of Bumble Inc. (NASDAQ:BMBL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 250,847 shares of the company’s stock, valued at approximately $2,042,000. BNP Paribas Financial Markets owned 0.23% of Bumble at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Bumble by 2.1% during the 3rd 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. SG Americas Securities LLC lifted its holdings in Bumble by 189.2% during the 4th quarter. SG Americas Securities LLC now owns 32,107 shares of the company’s stock valued at $261,000 after buying an additional 21,006 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Bumble during the 4th quarter valued at about $214,000. Westbourne Investment Advisors Inc. lifted its holdings in Bumble by 18.4% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company’s stock valued at $3,960,000 after buying an additional 75,635 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Bumble during the 4th quarter valued at about $187,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BMBL. Royal Bank of Canada decreased their price objective on shares of Bumble from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group boosted their price target on shares of Bumble from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wells Fargo & Company reduced their price target on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Piper Sandler reduced their price target on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their price target on shares of Bumble from $6.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.71.

Bumble Stock Down 0.7%

NASDAQ:BMBL opened at $5.77 on Friday. The company has a market cap of $609.00 million, a PE ratio of -1.18 and a beta of 1.76. Bumble Inc. has a twelve month low of $3.55 and a twelve month high of $12.49. 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 company’s 50 day moving average is $4.56 and its two-hundred day moving average is $6.56.

Bumble (NASDAQ:BMBL) last released its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $247.10 million for the quarter, compared to analysts’ expectations of $246.68 million. Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Analysts anticipate that Bumble Inc. will post 4.19 EPS for the current year.

About Bumble

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.