Bumble Inc. (NASDAQ:BMBL) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lessened its stake in shares of Bumble Inc. (NASDAQ:BMBL) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,215 shares of the company’s stock after selling 10,085 shares during the period. Rothschild Investment LLC’s holdings in Bumble were worth $197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Bumble in the 4th quarter valued at about $187,000. Principal Financial Group Inc. bought a new stake in shares of Bumble in the third quarter valued at approximately $911,000. Victory Capital Management Inc. boosted its position in shares of Bumble by 470.7% in the third quarter. Victory Capital Management Inc. now owns 250,025 shares of the company’s stock valued at $1,595,000 after acquiring an additional 206,215 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Bumble by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company’s stock valued at $841,000 after acquiring an additional 2,760 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Bumble by 11.3% in the third quarter. Franklin Resources Inc. now owns 62,328 shares of the company’s stock valued at $421,000 after acquiring an additional 6,325 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

BMBL has been the subject of several research reports. Citigroup reduced their price objective on Bumble from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley raised their target price on Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Stifel Nicolaus reduced their target price on Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group raised their target price on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Bumble presently has an average rating of “Hold” and a consensus price target of $8.05.

Bumble Price Performance

Bumble stock opened at $5.50 on Wednesday. The business’s 50-day simple moving average is $7.74 and its 200 day simple moving average is $7.38. The stock has a market cap of $594.46 million, a price-to-earnings ratio of -1.12 and a beta of 1.70. Bumble Inc. has a 12-month low of $4.80 and a 12-month high of $13.36. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75.

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.