nVerses Capital LLC Boosts Holdings in Bumble Inc. (NASDAQ:BMBL)

nVerses Capital LLC raised its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 47.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,900 shares of the company’s stock after acquiring an additional 5,800 shares during the quarter. nVerses Capital LLC’s holdings in Bumble were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Bumble by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company’s stock valued at $122,837,000 after acquiring an additional 613,759 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Bumble during the first quarter worth about $937,000. Duality Advisers LP purchased a new stake in shares of Bumble during the first quarter worth about $1,049,000. Picton Mahoney Asset Management purchased a new stake in shares of Bumble during the first quarter worth about $1,378,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Bumble during the first quarter worth about $831,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Bumble Trading Up 2.4 %

BMBL opened at $7.31 on Monday. The firm has a market capitalization of $922.51 million, a P/E ratio of 43.00 and a beta of 1.66. The firm’s 50 day moving average is $6.48 and its 200-day moving average is $8.92. Bumble Inc. has a 52-week low of $4.80 and a 52-week high of $15.90. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.45.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $268.60 million for the quarter, compared to analyst estimates of $273.04 million. Bumble had a net margin of 3.93% and a return on equity of 1.82%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. Analysts expect that Bumble Inc. will post 0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BMBL. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bumble from $11.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Evercore ISI cut shares of Bumble from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $18.00 to $8.00 in a research report on Thursday, August 8th. KeyCorp cut shares of Bumble from an “overweight” rating to a “sector weight” rating in a research report on Friday, September 27th. BTIG Research cut shares of Bumble from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Hsbc Global Res cut shares of Bumble from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.50.

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.