RBF Capital LLC Buys Shares of 633,577 Bumble Inc. (NASDAQ:BMBL)

RBF Capital LLC bought a new position in Bumble Inc. (NASDAQ:BMBL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 633,577 shares of the company's stock, valued at approximately $5,157,000. RBF Capital LLC owned about 0.59% of Bumble at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in Bumble in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC grew its stake in shares of Bumble by 20.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after purchasing an additional 1,249 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Bumble by 56.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company's stock valued at $90,000 after purchasing an additional 4,000 shares during the period. Cerity Partners LLC acquired a new position in shares of Bumble during the fourth quarter valued at $95,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Bumble during the fourth quarter valued at about $97,000. Institutional investors and hedge funds own 94.85% of the company's stock.

Bumble Stock Performance

Shares of BMBL opened at $4.43 on Wednesday. Bumble Inc. has a one year low of $3.55 and a one year high of $12.49. The company has a 50-day moving average of $4.82 and a two-hundred day moving average of $6.81. 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 stock has a market cap of $467.57 million, a price-to-earnings ratio of -0.91 and a beta of 1.77.

Analyst Upgrades and Downgrades

Several research firms have commented on BMBL. The Goldman Sachs Group lowered their target price on shares of Bumble from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Wolfe Research cut Bumble from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Evercore ISI decreased their price target on Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada dropped their price objective on Bumble from $8.00 to $7.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Susquehanna decreased their target price on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One 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. According to MarketBeat.com, Bumble has a consensus rating of "Hold" and an average price target of $7.09.

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.

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