Headlands Technologies LLC Purchases Shares of 8,939 Bumble Inc. (NASDAQ:BMBL)

Headlands Technologies LLC acquired a new position in shares of Bumble Inc. (NASDAQ:BMBL) during the second quarter, Holdings Channel reports. The fund acquired 8,939 shares of the company’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Bumble by 73.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company’s stock worth $77,000 after purchasing an additional 2,210 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Bumble during the 2nd quarter worth about $64,000. Neo Ivy Capital Management bought a new position in shares of Bumble during the 4th quarter worth about $162,000. nVerses Capital LLC boosted its position in shares of Bumble by 128.3% during the 2nd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $127,000 after purchasing an additional 6,800 shares in the last quarter. Finally, FourWorld Capital Management LLC bought a new position in shares of Bumble during the 1st quarter worth about $165,000. Institutional investors own 94.85% of the company’s stock.

Analyst Ratings Changes

BMBL has been the topic of a number of research analyst reports. Piper Sandler cut their price objective on shares of Bumble from $13.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. KeyCorp lowered their target price on shares of Bumble from $11.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Stifel Nicolaus lowered shares of Bumble from a “buy” rating to a “hold” rating and lowered their target price for the stock from $13.00 to $6.50 in a report on Thursday, August 8th. Wolfe Research assumed coverage on shares of Bumble in a report on Tuesday, July 16th. They issued an “outperform” rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered shares of Bumble from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $7.00 in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Bumble has a consensus rating of “Hold” and a consensus price target of $9.62.

Bumble Trading Up 3.3 %

Shares of BMBL stock opened at $6.32 on Monday. The company has a 50 day moving average of $7.62 and a 200-day moving average of $9.71. 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 Inc. has a 12-month low of $4.80 and a 12-month high of $16.05. The firm has a market cap of $797.58 million, a P/E ratio of 37.18 and a beta of 1.66.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $268.60 million during 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%. Bumble’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Sell-side analysts anticipate that Bumble Inc. will post 0.83 earnings per share for the current year.

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.