Sei Investments Co. bought a new stake in shares of Bumble Inc. (NASDAQ:BMBL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 207,300 shares of the company’s stock, valued at approximately $12,931,000.
Several other large investors also recently bought and sold shares of BMBL. BW Gestao de Investimentos Ltda. acquired a new position in shares of Bumble during the first quarter worth approximately $374,000. The PNC Financial Services Group Inc. acquired a new stake in Bumble during the 1st quarter valued at $106,000. GWM Advisors LLC acquired a new stake in Bumble during the 1st quarter valued at $481,000. Teacher Retirement System of Texas acquired a new position in shares of Bumble in the first quarter worth $46,785,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Bumble in the first quarter worth $337,000.
In related news, Director Amy Griffin purchased 117,500 shares of the stock in a transaction that occurred on Wednesday, May 26th. The stock was acquired at an average price of $42.81 per share, with a total value of $5,030,175.00. Following the completion of the acquisition, the director now directly owns 1 shares in the company, valued at approximately $42.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of equities analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Bumble in a research note on Wednesday, March 31st. They issued a “peer perform” rating and a $56.00 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their target price on shares of Bumble from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, May 17th. BMO Capital Markets lowered their target price on shares of Bumble from $65.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, May 13th. Stifel Nicolaus upped their price target on shares of Bumble from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, March 11th. Finally, Loop Capital started coverage on shares of Bumble in a report on Tuesday, March 30th. They set a “hold” rating and a $65.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Bumble has an average rating of “Buy” and an average price target of $65.20.
Shares of Bumble stock opened at $48.50 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a 50 day moving average of $51.67. Bumble Inc. has a fifty-two week low of $38.91 and a fifty-two week high of $84.80.
Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Tuesday, May 11th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.72. The company had revenue of $170.70 million during the quarter, compared to analyst estimates of $164.74 million. Bumble’s quarterly revenue was up 43.4% compared to the same quarter last year. Equities analysts predict that Bumble Inc. will post -0.26 earnings per share for the current fiscal year.
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 credit-based dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis.
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