Bumble Inc. (NASDAQ:BMBL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Bumble Inc. (NASDAQ:BMBL - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,864,249 shares of the company's stock after selling 1,781,059 shares during the quarter. Vanguard Group Inc. owned 8.19% of Bumble worth $72,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in Bumble during the 4th quarter valued at $56,000. Corient Private Wealth LLC bought a new position in Bumble during the 4th quarter valued at about $97,000. Quantinno Capital Management LP purchased a new stake in shares of Bumble during the 3rd quarter valued at about $90,000. Olympiad Research LP bought a new stake in shares of Bumble in the fourth quarter worth approximately $129,000. Finally, AlphaQuest LLC raised its holdings in shares of Bumble by 43,248.7% during the fourth quarter. AlphaQuest LLC now owns 16,906 shares of the company's stock valued at $138,000 after purchasing an additional 16,867 shares during the last quarter. Institutional investors own 94.85% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BMBL. Evercore ISI lowered their price target on Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus cut their target price on shares of Bumble from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Susquehanna cut their price objective on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Citigroup reduced their price objective on Bumble from $8.00 to $6.80 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. One 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.12.

Bumble Stock Up 0.9 %

Shares of BMBL traded up $0.04 during trading hours on Wednesday, hitting $4.04. The company had a trading volume of 352,800 shares, compared to its average volume of 3,107,503. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $425.88 million, a PE ratio of -0.83 and a beta of 1.77. Bumble Inc. has a one year low of $3.55 and a one year high of $12.49. The company's fifty day moving average price is $5.23 and its two-hundred day moving average price is $6.89.

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.