Swiss National Bank Grows Position in Bumble Inc. (NASDAQ:BMBL)

Swiss National Bank raised its stake in Bumble Inc. (NASDAQ:BMBL – Get Rating) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,100 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Swiss National Bank owned 0.13% of Bumble worth $3,623,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Bumble by 305.3% in the second quarter. State Street Corp now owns 1,745,907 shares of the company’s stock valued at $49,147,000 after buying an additional 1,315,091 shares in the last quarter. Marshall Wace LLP raised its position in shares of Bumble by 254.1% in the 3rd quarter. Marshall Wace LLP now owns 1,530,452 shares of the company’s stock valued at $32,892,000 after purchasing an additional 1,098,240 shares in the last quarter. Providence Equity Partners L.L.C. acquired a new stake in shares of Bumble during the 3rd quarter valued at approximately $15,445,000. Invesco Ltd. increased its position in Bumble by 42.9% in the first quarter. Invesco Ltd. now owns 2,272,479 shares of the company’s stock worth $65,856,000 after buying an additional 681,966 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Bumble by 342.2% in the second quarter. Northern Trust Corp now owns 791,237 shares of the company’s stock worth $22,273,000 after purchasing an additional 612,302 shares in the last quarter.

Bumble Trading Down 3.6 %

Shares of BMBL stock opened at $16.14 on Monday. Bumble Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $39.33. The company has a market cap of $2.22 billion, a PE ratio of -21.52 and a beta of 1.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.50 and a current ratio of 2.50. The stock’s fifty day moving average price is $18.16 and its two-hundred day moving average price is $21.38.

Bumble (NASDAQ:BMBL – Get Rating) last announced its earnings results on Wednesday, February 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.18. The business had revenue of $241.63 million during the quarter, compared to analyst estimates of $236.03 million. Bumble had a positive return on equity of 1.50% and a negative net margin of 10.51%. Equities analysts predict that Bumble Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at Bumble

In other Bumble news, Director Matthew S. Bromberg sold 12,096 shares of Bumble stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $17.17, for a total transaction of $207,688.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Bumble news, major shareholder Holdings Gp Man Blackstone III sold 11,750,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $22.17, for a total transaction of $260,497,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew S. Bromberg sold 12,096 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $17.17, for a total transaction of $207,688.32. The disclosure for this sale can be found here. Company insiders own 7.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BMBL. Robert W. Baird began coverage on Bumble in a research note on Tuesday, April 11th. They issued an “outperform” rating and a $23.00 price objective for the company. Raymond James raised their target price on Bumble from $24.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Bumble from $22.00 to $27.00 in a report on Monday, January 30th. Piper Sandler cut their target price on Bumble from $25.00 to $20.00 in a research report on Friday, May 5th. Finally, Citigroup assumed coverage on Bumble in a research report on Friday, March 17th. They set a “buy” rating and a $24.00 target price for the company. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.65.

Bumble Company Profile

(Get Rating)

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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.