Factorial Partners LLC Takes $185,000 Position in Bumble Inc. (NASDAQ:BMBL)

Factorial Partners LLC acquired a new position in Bumble Inc. (NASDAQ:BMBL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 29,000 shares of the company’s stock, valued at approximately $185,000.

Other large investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in Bumble by 8.5% in the first quarter. ProShare Advisors LLC now owns 18,192 shares of the company’s stock worth $206,000 after purchasing an additional 1,430 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Bumble by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,626 shares of the company’s stock valued at $734,000 after acquiring an additional 3,683 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Bumble by 9.1% during the second quarter. Ensign Peak Advisors Inc now owns 57,349 shares of the company’s stock valued at $603,000 after acquiring an additional 4,800 shares during the period. nVerses Capital LLC raised its holdings in Bumble by 47.9% during the third quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $114,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Bumble in the second quarter worth approximately $64,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Price Performance

Shares of BMBL opened at $7.82 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. The company has a market capitalization of $845.98 million, a price-to-earnings ratio of -1.60 and a beta of 1.62. The business’s 50-day moving average is $6.99 and its 200-day moving average is $8.49. Bumble Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $15.90.

Analyst Ratings Changes

BMBL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Bumble from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. TD Cowen lowered shares of Bumble from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $7.50 in a research report on Friday, August 16th. JPMorgan Chase & Co. cut shares of Bumble from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $7.00 in a research note on Thursday, August 8th. HSBC reissued a “hold” rating on shares of Bumble in a research note on Friday, August 9th. Finally, Royal Bank of Canada dropped their price target on Bumble from $16.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Bumble currently has an average rating of “Hold” and a consensus price target of $8.38.

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.