Centiva Capital LP Reduces Holdings in Bumble Inc. (NASDAQ:BMBL)

Centiva Capital LP trimmed its position in Bumble Inc. (NASDAQ:BMBL) by 44.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,342 shares of the company’s stock after selling 32,196 shares during the period. Centiva Capital LP’s holdings in Bumble were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Bumble by 13.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 707,335 shares of the company’s stock valued at $7,434,000 after buying an additional 83,397 shares in the last quarter. Innealta Capital LLC purchased a new position in Bumble in the second quarter valued at $64,000. Rothschild Investment LLC acquired a new position in Bumble during the 2nd quarter worth approximately $401,000. nVerses Capital LLC raised its position in shares of Bumble by 128.3% during the 2nd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $127,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Bumble during the 2nd quarter worth $324,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Stock Down 0.7 %

Bumble stock opened at $8.51 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. Bumble Inc. has a twelve month low of $4.80 and a twelve month high of $15.90. The firm’s 50 day moving average price is $7.66 and its two-hundred day moving average price is $8.17. The firm has a market cap of $920.63 million, a PE ratio of -1.75 and a beta of 1.71.

Analyst Ratings Changes

Several equities research analysts have recently commented on BMBL shares. Citigroup upped their price target on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Susquehanna boosted their target price on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Stifel Nicolaus raised their price target on Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, TD Cowen downgraded shares of Bumble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $22.00 to $7.50 in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Bumble presently has an average rating of “Hold” and an average price target of $8.38.

About Bumble

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.