Brandywine Global Investment Management LLC Purchases Shares of 444,290 Bumble Inc. $BMBL

Brandywine Global Investment Management LLC purchased a new position in Bumble Inc. (NASDAQ:BMBL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 444,290 shares of the company’s stock, valued at approximately $2,928,000. Brandywine Global Investment Management LLC owned approximately 0.43% of Bumble at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Bumble during the second quarter valued at $504,000. Nordea Investment Management AB purchased a new stake in Bumble in the 2nd quarter worth $7,337,000. Quinn Opportunity Partners LLC boosted its holdings in shares of Bumble by 292.9% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 200,372 shares of the company’s stock valued at $1,320,000 after purchasing an additional 149,372 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Bumble during the 1st quarter valued at about $113,000. Finally, XTX Topco Ltd purchased a new position in shares of Bumble during the first quarter valued at about $306,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BMBL. Susquehanna decreased their target price on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. The Goldman Sachs Group reduced their price objective on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Evercore ISI lowered their target price on Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company cut their target price on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Morgan Stanley decreased their price target on shares of Bumble from $6.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Twelve equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.17.

Bumble Stock Up 4.5%

Shares of BMBL opened at $3.47 on Tuesday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $5.34 and a 200 day moving average of $6.00. The company has a market cap of $391.21 million, a PE ratio of 3.10, a P/E/G ratio of 0.10 and a beta of 1.93. Bumble Inc. has a 52-week low of $3.18 and a 52-week high of $9.22.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The firm had revenue of $246.16 million during the quarter, compared to the consensus estimate of $244.19 million. During the same period in the previous year, the business earned ($5.11) EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Bumble has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect 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.