Bumble Inc. $BMBL Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in shares of Bumble Inc. (NASDAQ:BMBL) by 69.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 92,900 shares of the company’s stock after selling 211,761 shares during the period. Squarepoint Ops LLC owned about 0.09% of Bumble worth $612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BMBL. State of Wyoming acquired a new stake in Bumble during the second quarter worth about $135,000. Nomura Holdings Inc. acquired a new position in Bumble in the second quarter valued at approximately $748,000. Caxton Associates LLP purchased a new stake in Bumble in the 2nd quarter worth approximately $2,468,000. Evergreen Capital Management LLC acquired a new stake in shares of Bumble during the 2nd quarter worth approximately $116,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Bumble by 182.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,117 shares of the company’s stock valued at $73,000 after purchasing an additional 7,185 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Stock Up 1.1%

BMBL opened at $3.58 on Wednesday. The company has a market cap of $403.61 million, a PE ratio of 3.20, a price-to-earnings-growth ratio of 0.11 and a beta of 1.96. Bumble Inc. has a twelve month low of $3.18 and a twelve month high of $8.82. The company has a 50-day moving average price of $4.25 and a 200 day moving average price of $5.68. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97.

Bumble (NASDAQ:BMBL) last posted 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 analyst estimates of $244.19 million. During the same quarter in the previous year, the firm posted ($5.11) earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Sell-side analysts expect that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Morgan Stanley lowered their target price 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. UBS Group dropped their target price on Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Royal Bank Of Canada cut Bumble from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from $7.50 to $5.00 in a report on Thursday, November 6th. Finally, Susquehanna lowered their price target on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Thirteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $4.83.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.