Entropy Technologies LP Sells 5,694 Shares of Bumble Inc. (NASDAQ:BMBL)

Entropy Technologies LP lowered its position in Bumble Inc. (NASDAQ:BMBL) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,648 shares of the company’s stock after selling 5,694 shares during the quarter. Entropy Technologies LP’s holdings in Bumble were worth $192,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BMBL. JPMorgan Chase & Co. grew its position in Bumble by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company’s stock worth $841,000 after acquiring an additional 2,760 shares in the last quarter. nVerses Capital LLC grew its position in Bumble by 47.9% in the third quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $114,000 after acquiring an additional 5,800 shares in the last quarter. Franklin Resources Inc. grew its position in Bumble by 11.3% in the third quarter. Franklin Resources Inc. now owns 62,328 shares of the company’s stock worth $421,000 after acquiring an additional 6,325 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Bumble in the fourth quarter worth $56,000. Finally, Versor Investments LP grew its position in Bumble by 25.3% in the third quarter. Versor Investments LP now owns 38,600 shares of the company’s stock worth $246,000 after acquiring an additional 7,800 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

BMBL has been the subject of several research reports. Stifel Nicolaus upped their target price on shares of Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Susquehanna upped their price target on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Piper Sandler restated a “neutral” rating and set a $8.00 price target (up from $7.00) on shares of Bumble in a research report on Thursday, November 7th. Finally, Morgan Stanley upped their price target on shares of Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Bumble has a consensus rating of “Hold” and a consensus target price of $8.50.

Bumble Price Performance

BMBL stock opened at $8.46 on Friday. Bumble Inc. has a 1 year low of $4.80 and a 1 year high of $14.08. The company has a market cap of $915.20 million, a P/E ratio of -1.73 and a beta of 1.70. The firm has a 50-day moving average of $8.05 and a 200 day moving average of $7.47. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09.

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.