Vanguard Group Inc. Has $150.48 Million Holdings in Bumble Inc. (NASDAQ:BMBL)

Vanguard Group Inc. raised its position in shares of Bumble Inc. (NASDAQ:BMBL) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,208,851 shares of the company’s stock after acquiring an additional 495,671 shares during the period. Vanguard Group Inc. owned approximately 7.89% of Bumble worth $150,478,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Bumble by 12.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,589,176 shares of the company’s stock worth $52,904,000 after purchasing an additional 397,741 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Bumble in the fourth quarter worth $215,000. Neo Ivy Capital Management bought a new position in Bumble during the fourth quarter worth $162,000. Granahan Investment Management LLC raised its stake in Bumble by 9.0% during the 4th quarter. Granahan Investment Management LLC now owns 1,368,783 shares of the company’s stock valued at $20,176,000 after purchasing an additional 113,277 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in Bumble during the 4th quarter valued at $781,000. 94.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ann Mather sold 7,492 shares of Bumble stock in a transaction on Friday, June 7th. The stock was sold at an average price of $11.41, for a total value of $85,483.72. Following the completion of the sale, the director now directly owns 29,030 shares of the company’s stock, valued at approximately $331,232.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.84% of the company’s stock.

Bumble Stock Up 0.6 %

NASDAQ BMBL opened at $9.70 on Friday. The stock’s 50 day simple moving average is $10.91 and its 200 day simple moving average is $12.00. Bumble Inc. has a one year low of $9.52 and a one year high of $21.06. The firm has a market cap of $1.22 billion, a PE ratio of 57.06 and a beta of 1.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.96 and a quick ratio of 1.96.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The firm had revenue of $267.80 million for the quarter, compared to analyst estimates of $265.41 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Bumble Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BMBL shares. Morgan Stanley started coverage on shares of Bumble in a report on Thursday, April 18th. They set an “equal weight” rating and a $13.00 price objective on the stock. KeyCorp reduced their price objective on Bumble from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Raymond James restated a “market perform” rating on shares of Bumble in a research report on Thursday, April 4th. Bank of America raised Bumble from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday, May 10th. Finally, The Goldman Sachs Group lowered their price target on shares of Bumble from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Bumble currently has a consensus rating of “Moderate Buy” and an average price target of $15.89.

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.