Dimensional Fund Advisors LP grew its position in Bumble Inc. (NASDAQ:BMBL – Get Rating) by 55.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,088,317 shares of the company’s stock after purchasing an additional 389,936 shares during the period. Dimensional Fund Advisors LP owned approximately 0.84% of Bumble worth $22,908,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Neo Ivy Capital Management acquired a new position in shares of Bumble in the third quarter valued at about $29,000. Public Employees Retirement System of Ohio boosted its stake in shares of Bumble by 50.2% in the third quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock worth $35,000 after buying an additional 546 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Bumble in the second quarter worth about $35,000. Lazard Asset Management LLC boosted its stake in shares of Bumble by 32.7% in the third quarter. Lazard Asset Management LLC now owns 2,578 shares of the company’s stock worth $55,000 after buying an additional 635 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Bumble by 44.0% in the fourth quarter. National Bank of Canada FI now owns 3,275 shares of the company’s stock worth $69,000 after buying an additional 1,000 shares during the last quarter.
Insider Activity at Bumble
In related news, Director Matthew S. Bromberg sold 12,096 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $17.17, for a total value of $207,688.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Bumble news, major shareholder Holdings Gp Man Blackstone III sold 11,750,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $22.17, for a total transaction of $260,497,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew S. Bromberg sold 12,096 shares of Bumble stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $17.17, for a total value of $207,688.32. The disclosure for this sale can be found here. Insiders own 7.56% of the company’s stock.
Bumble Stock Performance
NASDAQ BMBL opened at $16.55 on Monday. The company has a market cap of $2.28 billion, a PE ratio of -22.07 and a beta of 1.82. The stock’s 50 day simple moving average is $17.58 and its 200-day simple moving average is $20.91. Bumble Inc. has a 1-year low of $14.73 and a 1-year high of $39.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 2.50.
Bumble (NASDAQ:BMBL – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.01) EPS for the quarter. Bumble had a negative net margin of 10.51% and a positive return on equity of 1.50%. The company had revenue of $242.95 million during the quarter, compared to analyst estimates of $240.92 million. During the same period in the prior year, the business posted $0.04 EPS. Bumble’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Bumble Inc. will post 0.23 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Citigroup assumed coverage on Bumble in a research note on Friday, March 17th. They issued a “buy” rating and a $24.00 target price on the stock. UBS Group increased their price target on Bumble from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. The Goldman Sachs Group lowered their price target on Bumble from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, April 21st. Morgan Stanley increased their price target on Bumble from $20.00 to $21.00 in a research report on Monday, March 20th. Finally, Cowen increased their price target on Bumble from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.55.
Bumble Company 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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.