MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 10,778 Shares of Bumble Inc. (NASDAQ:BMBL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of Bumble Inc. (NASDAQ:BMBL) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,564 shares of the company’s stock after selling 10,778 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Bumble worth $802,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Bumble by 20.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company’s stock worth $60,000 after buying an additional 1,249 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Bumble by 56.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company’s stock worth $90,000 after purchasing an additional 4,000 shares during the period. Corient Private Wealth LLC bought a new stake in Bumble in the fourth quarter worth $97,000. Cerity Partners LLC purchased a new stake in Bumble during the fourth quarter valued at about $95,000. Finally, Olympiad Research LP bought a new position in shares of Bumble during the fourth quarter valued at about $129,000. 94.85% of the stock is currently owned by institutional investors.

Bumble Price Performance

Shares of BMBL stock opened at $5.72 on Tuesday. The business’s fifty day moving average is $4.67 and its 200 day moving average is $6.48. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $590.82 million, a price-to-earnings ratio of -1.17 and a beta of 1.76. Bumble Inc. has a twelve month low of $3.55 and a twelve month high of $12.03.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BMBL. UBS Group increased their target price on Bumble from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Evercore ISI cut their target price on shares of Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus lowered 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. Citigroup dropped their price target on shares of Bumble from $6.80 to $4.80 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Susquehanna cut their price target on shares of Bumble from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.71.

Bumble 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.