22,935 Shares in Bumble Inc. (NASDAQ:BMBL) Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Bumble Inc. (NASDAQ:BMBL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,935 shares of the company’s stock, valued at approximately $187,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BMBL. JPMorgan Chase & Co. grew its stake in Bumble by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company’s stock valued at $841,000 after buying an additional 2,760 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Bumble by 11.3% during the 3rd quarter. Franklin Resources Inc. now owns 62,328 shares of the company’s stock valued at $421,000 after purchasing an additional 6,325 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Bumble during the 4th quarter valued at $56,000. Versor Investments LP lifted its holdings in Bumble by 25.3% during the 3rd quarter. Versor Investments LP now owns 38,600 shares of the company’s stock worth $246,000 after purchasing an additional 7,800 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Bumble in the 3rd quarter worth about $71,000. 94.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BMBL has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday. Susquehanna dropped their price objective on Bumble from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup reduced their target price on Bumble from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley raised their price target on Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Stifel Nicolaus cut their price objective on Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.05.

Bumble Stock Performance

Shares of BMBL stock opened at $5.21 on Friday. 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 fifty-two week low of $4.80 and a fifty-two week high of $13.36. The stock has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $7.39. The company has a market capitalization of $564.05 million, a P/E ratio of -1.07 and a beta of 1.70.

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.