Integrated Quantitative Investments LLC Takes Position in Bumble Inc. (NASDAQ:BMBL)

Integrated Quantitative Investments LLC bought a new position in Bumble Inc. (NASDAQ:BMBL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 99,599 shares of the company's stock, valued at approximately $811,000. Integrated Quantitative Investments LLC owned about 0.09% of Bumble as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in Bumble during the fourth quarter worth about $187,000. Principal Financial Group Inc. purchased a new position in shares of Bumble during the 3rd quarter worth approximately $911,000. JPMorgan Chase & Co. increased its holdings in Bumble by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock valued at $841,000 after purchasing an additional 2,760 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Bumble in the fourth quarter valued at approximately $189,000. Finally, Franklin Resources Inc. lifted its stake in Bumble by 11.3% during the third quarter. Franklin Resources Inc. now owns 62,328 shares of the company's stock worth $421,000 after purchasing an additional 6,325 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Bumble Stock Performance

BMBL stock traded down $0.31 during trading on Thursday, hitting $3.85. The company had a trading volume of 1,028,096 shares, compared to its average volume of 3,111,865. The firm has a 50-day moving average price of $5.58 and a 200-day moving average price of $6.95. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $405.93 million, a PE ratio of -0.79 and a beta of 1.77. Bumble Inc. has a 1-year low of $3.55 and a 1-year high of $12.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Bumble from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Piper Sandler reduced their price target on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley lowered their price objective on shares of Bumble from $8.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Evercore ISI reduced their target price on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. Finally, Wolfe Research downgraded shares of Bumble from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. One equities 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 data from MarketBeat, Bumble presently has an average rating of "Hold" and a consensus price target of $7.12.

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.