Universal Beteiligungs und Servicegesellschaft mbH Has $178,000 Stock Holdings in Bumble Inc. (NASDAQ:BMBL)

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Bumble Inc. (NASDAQ:BMBL) by 123.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,940 shares of the company’s stock after buying an additional 22,658 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Bumble were worth $178,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently issued reports on BMBL. Wells Fargo & Company reiterated a “positive” rating on shares of Bumble in a report on Friday, June 27th. Bank of America raised their price target on Bumble from $5.25 to $5.50 and gave the company an “underperform” rating in a report on Wednesday, July 2nd. UBS Group raised their price target on Bumble from $6.00 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Stifel Nicolaus reduced their target price on Bumble from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Finally, Citigroup raised their target price on Bumble from $4.80 to $7.00 and gave the stock a “neutral” rating in a report on Friday, June 27th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.60.

Bumble Stock Down 1.9%

Shares of Bumble stock opened at $7.55 on Wednesday. The business’s 50 day simple moving average is $6.41 and its 200 day simple moving average is $5.87. Bumble Inc. has a 52-week low of $3.55 and a 52-week high of $9.22. The firm has a market cap of $779.84 million, a PE ratio of -1.54, a P/E/G ratio of 0.26 and a beta of 1.96. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.83 and a current ratio of 2.83.

Bumble (NASDAQ:BMBL) last announced its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Bumble had a negative net margin of 54.06% and a positive return on equity of 5.81%. The firm had revenue of $247.10 million during the quarter, compared to analyst estimates of $246.68 million. During the same period in the prior year, the business posted $0.19 EPS. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that Bumble Inc. will post 4.19 earnings per share 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.