Two Sigma Investments LP Makes New Investment in Bumble Inc. (NASDAQ:BMBL)

Two Sigma Investments LP acquired a new stake in Bumble Inc. (NASDAQ:BMBL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 58,516 shares of the company’s stock, valued at approximately $476,000. Two Sigma Investments LP owned approximately 0.05% of Bumble at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BMBL. RPD Fund Management LLC purchased a new stake in shares of Bumble in the 4th quarter valued at approximately $30,940,000. Ameriprise Financial Inc. grew its stake in Bumble by 25.5% in the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company’s stock valued at $51,953,000 after buying an additional 1,298,630 shares during the last quarter. RBF Capital LLC acquired a new position in Bumble in the 4th quarter valued at $5,157,000. First Trust Advisors LP grew its stake in Bumble by 429.5% in the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company’s stock valued at $6,287,000 after buying an additional 626,528 shares during the last quarter. Finally, Barclays PLC grew its stake in Bumble by 202.9% in the 4th quarter. Barclays PLC now owns 553,186 shares of the company’s stock valued at $4,503,000 after buying an additional 370,568 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BMBL. Wells Fargo & Company decreased their target price on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada reduced their target price on shares of Bumble from $7.00 to $5.00 and set an “outperform” rating on the stock in a research 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 stock a “buy” rating in a research note on Thursday, May 8th. Stifel Nicolaus lowered their target price on shares of Bumble from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Finally, Citigroup lowered their target price on shares of Bumble from $6.80 to $4.80 and set a “neutral” rating for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.58.

Bumble Trading Up 0.6%

NASDAQ:BMBL opened at $5.34 on Tuesday. 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 has a 50-day moving average price of $4.89 and a 200-day moving average price of $6.30. The stock has a market cap of $551.57 million, a price-to-earnings ratio of -1.09 and a beta of 1.90. Bumble Inc. has a 12 month low of $3.55 and a 12 month high of $11.38.

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

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.