Counterpoint Mutual Funds LLC Makes New $3.10 Million Investment in Bumble Inc. $BMBL

Counterpoint Mutual Funds LLC acquired a new stake in Bumble Inc. (NASDAQ:BMBL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 509,758 shares of the company’s stock, valued at approximately $3,104,000. Bumble comprises 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 15th biggest position. Counterpoint Mutual Funds LLC owned about 0.49% of Bumble at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Bumble in the second quarter valued at approximately $504,000. Caxton Associates LLP acquired a new position in shares of Bumble in the 2nd quarter valued at $2,468,000. Quinn Opportunity Partners LLC grew its position in shares of Bumble by 292.9% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 200,372 shares of the company’s stock valued at $1,320,000 after buying an additional 149,372 shares during the last quarter. Federated Hermes Inc. raised its stake in Bumble by 57.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,173,055 shares of the company’s stock worth $7,730,000 after acquiring an additional 428,559 shares in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in Bumble during the 2nd quarter worth $2,928,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BMBL. Citigroup dropped their price objective on Bumble from $5.50 to $3.80 and set a “neutral” rating on the stock in a report on Monday, December 22nd. UBS Group decreased their target price on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research report on Monday, December 29th. Jefferies Financial Group reduced their price objective on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $4.00 price objective on shares of Bumble in a report on Tuesday, January 20th. Eleven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.60.

Bumble Stock Down 8.6%

BMBL opened at $2.77 on Tuesday. Bumble Inc. has a 52 week low of $2.61 and a 52 week high of $8.64. The business has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $4.69. 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 company has a market cap of $312.29 million, a PE ratio of 2.47, a P/E/G ratio of 0.11 and a beta of 1.95.

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.