Equitable Trust Co. lessened its stake in shares of Bumble Inc. (NASDAQ:BMBL – Free Report) by 13.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,762 shares of the company’s stock after selling 1,785 shares during the period. Equitable Trust Co.’s holdings in Bumble were worth $197,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank lifted its position in shares of Bumble by 20.2% during the 1st quarter. Swiss National Bank now owns 206,800 shares of the company’s stock valued at $4,043,000 after buying an additional 34,700 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Bumble by 34.9% in the second quarter. Victory Capital Management Inc. now owns 51,399 shares of the company’s stock worth $862,000 after purchasing an additional 13,297 shares during the period. Wellington Management Group LLP increased its stake in shares of Bumble by 14.1% in the first quarter. Wellington Management Group LLP now owns 9,196,831 shares of the company’s stock worth $179,798,000 after purchasing an additional 1,134,818 shares in the last quarter. HBK Investments L P bought a new stake in shares of Bumble during the 1st quarter valued at $3,910,000. Finally, California State Teachers Retirement System raised its position in shares of Bumble by 24.0% during the 1st quarter. California State Teachers Retirement System now owns 129,492 shares of the company’s stock valued at $2,532,000 after purchasing an additional 25,093 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on BMBL. JPMorgan Chase & Co. dropped their target price on shares of Bumble from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, November 8th. Morgan Stanley dropped their price objective on Bumble from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. KeyCorp decreased their target price on Bumble from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 8th. The Goldman Sachs Group dropped their price target on Bumble from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Susquehanna reduced their price objective on shares of Bumble from $25.00 to $17.00 and set a “positive” rating on the stock in a research report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.46.
Bumble Stock Performance
BMBL stock opened at $14.92 on Wednesday. Bumble Inc. has a 52 week low of $12.29 and a 52 week high of $27.92. The company has a fifty day simple moving average of $14.33 and a two-hundred day simple moving average of $16.26. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.42.
Bumble (NASDAQ:BMBL – Get Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Bumble had a negative net margin of 8.70% and a positive return on equity of 1.78%. The firm had revenue of $275.50 million during the quarter, compared to the consensus estimate of $277.00 million. During the same quarter last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Research analysts predict that Bumble Inc. will post 0.29 EPS for the current fiscal year.
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.
- Five stocks we like better than Bumble
- P/E Ratio Calculation: How to Assess Stocks
- Fisker Inc. price implosion; is it time to buy the dip?
- Market Cap Calculator: How to Calculate Market Cap
- The only 2 cannabis companies you need to own
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Is it time to buy EVOLV Technologies after post-earnings dip?
Receive News & Ratings for Bumble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bumble and related companies with MarketBeat.com's FREE daily email newsletter.