Bumble Inc. (NASDAQ:BMBL) Position Boosted by Barclays PLC

Barclays PLC grew its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 202.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 553,186 shares of the company’s stock after acquiring an additional 370,568 shares during the quarter. Barclays PLC owned about 0.51% of Bumble worth $4,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC grew its position in Bumble by 75.6% in the 4th quarter. Advisory Services Network LLC now owns 28,802 shares of the company’s stock valued at $234,000 after buying an additional 12,402 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Bumble by 223.2% during the fourth quarter. Renaissance Technologies LLC now owns 391,100 shares of the company’s stock valued at $3,184,000 after acquiring an additional 270,093 shares during the period. Cerity Partners LLC bought a new stake in Bumble during the fourth quarter worth approximately $95,000. Envestnet Asset Management Inc. lifted its position in Bumble by 125.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 88,116 shares of the company’s stock worth $717,000 after purchasing an additional 49,050 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Bumble by 11.5% during the 4th quarter. Wells Fargo & Company MN now owns 117,935 shares of the company’s stock valued at $960,000 after purchasing an additional 12,132 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Bumble Stock Up 0.7 %

BMBL stock opened at $4.47 on Monday. The company has a 50 day moving average of $4.58 and a two-hundred day moving average of $6.77. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. Bumble Inc. has a 12-month low of $3.55 and a 12-month high of $12.49. The company has a market cap of $471.79 million, a price-to-earnings ratio of -0.91 and a beta of 1.77.

Analyst Ratings Changes

Several brokerages have recently weighed in on BMBL. Royal Bank of Canada cut their price objective on Bumble from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus decreased their price target on shares of Bumble from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler reduced their price objective on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.82.

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 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.