180 Wealth Advisors LLC Buys 2,253 Shares of Bumble Inc. (NASDAQ:BMBL)

180 Wealth Advisors LLC increased its stake in Bumble Inc. (NASDAQ:BMBL) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,776 shares of the company’s stock after purchasing an additional 2,253 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Bumble were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BMBL. Raymond James & Associates raised its holdings in shares of Bumble by 23.5% in the 1st quarter. Raymond James & Associates now owns 88,080 shares of the company’s stock worth $2,553,000 after purchasing an additional 16,777 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Bumble in the 1st quarter valued at approximately $491,000. Bank of Montreal Can purchased a new position in Bumble in the 1st quarter valued at approximately $295,000. Allianz Asset Management GmbH grew its stake in Bumble by 43.8% in the 1st quarter. Allianz Asset Management GmbH now owns 15,316 shares of the company’s stock valued at $444,000 after buying an additional 4,662 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Bumble by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 7,285,122 shares of the company’s stock valued at $211,123,000 after buying an additional 68,604 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Bumble Stock Performance

NASDAQ BMBL opened at $10.53 on Monday. Bumble Inc. has a 52-week low of $10.36 and a 52-week high of $21.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $1.36 billion, a P/E ratio of -351.00, a P/E/G ratio of 0.30 and a beta of 1.68. The company has a fifty day moving average of $12.08 and a 200-day moving average of $13.46.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The company had revenue of $273.64 million for the quarter, compared to the consensus estimate of $275.38 million. As a group, equities research analysts predict that Bumble Inc. will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

BMBL has been the subject of a number of recent research reports. Susquehanna reduced their price objective on shares of Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research note on Thursday, February 29th. Piper Sandler reiterated a “neutral” rating and issued a $13.00 price objective (down from $14.00) on shares of Bumble in a research note on Wednesday, February 28th. KeyCorp reduced their price objective on shares of Bumble from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Raymond James restated a “market perform” rating on shares of Bumble in a research report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $16.00 price target on shares of Bumble in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Bumble has an average rating of “Moderate Buy” and an average target price of $17.52.

Insider Transactions at Bumble

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the business’s stock in a transaction on Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the completion of the sale, the insider now directly owns 12,802 shares of the company’s stock, valued at $142,102.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.56% of the stock is currently owned by insiders.

Bumble Profile

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.