SG Americas Securities LLC Purchases 21,006 Shares of Bumble Inc. (NASDAQ:BMBL)

SG Americas Securities LLC raised its position in Bumble Inc. (NASDAQ:BMBL) by 189.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,107 shares of the company’s stock after acquiring an additional 21,006 shares during the quarter. SG Americas Securities LLC’s holdings in Bumble were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Bumble during the 4th quarter valued at about $56,000. Capital Management Associates Inc bought a new stake in Bumble during the third quarter valued at approximately $74,000. D.A. Davidson & CO. purchased a new stake in Bumble during the third quarter valued at approximately $77,000. Quantinno Capital Management LP bought a new position in Bumble in the third quarter worth approximately $90,000. Finally, nVerses Capital LLC boosted its stake in shares of Bumble by 47.9% during the 3rd quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $114,000 after acquiring an additional 5,800 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Stock Down 3.7 %

Shares of BMBL stock opened at $8.32 on Thursday. The company’s fifty day simple moving average is $8.07 and its two-hundred day simple moving average is $7.49. Bumble Inc. has a 52 week low of $4.80 and a 52 week high of $14.08. The stock has a market cap of $900.06 million, a P/E ratio of -1.70 and a beta of 1.70. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna upped their price objective on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Citigroup upped their price target on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wolfe Research cut Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Piper Sandler reissued a “neutral” rating and issued a $8.00 target price (up from $7.00) on shares of Bumble in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.50.

About Bumble

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.