14,575 Shares in Bumble Inc. (NASDAQ:BMBL) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of Bumble Inc. (NASDAQ:BMBL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,575 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Headlands Technologies LLC increased its stake in Bumble by 98.6% in the fourth quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock valued at $32,000 after purchasing an additional 1,092 shares during the period. FNY Investment Advisers LLC acquired a new position in Bumble in the fourth quarter valued at $68,000. EverSource Wealth Advisors LLC increased its stake in Bumble by 73.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company’s stock valued at $77,000 after purchasing an additional 2,210 shares during the period. Neo Ivy Capital Management acquired a new position in Bumble in the fourth quarter valued at $162,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Bumble in the third quarter valued at $177,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Stock Down 0.2 %

BMBL stock opened at $10.25 on Friday. The company has a market cap of $1.29 billion, a P/E ratio of 60.29 and a beta of 1.73. Bumble Inc. has a 52 week low of $9.83 and a 52 week high of $21.06. The company’s 50-day moving average price is $10.96 and its 200 day moving average price is $12.28. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.46.

Bumble (NASDAQ:BMBL) last announced its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $267.80 million during the quarter, compared to analysts’ expectations of $265.41 million. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. On average, research analysts expect that Bumble Inc. will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on BMBL. Raymond James restated a “market perform” rating on shares of Bumble in a research note on Thursday, April 4th. BTIG Research lowered their target price on shares of Bumble from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Bank of America raised shares of Bumble from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. lowered their target price on shares of Bumble from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Bumble in a report on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.89.

Insiders Place Their Bets

In other Bumble news, Director Ann Mather sold 7,492 shares of Bumble stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $11.41, for a total transaction of $85,483.72. Following the completion of the transaction, the director now owns 29,030 shares in the company, valued at $331,232.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.84% of the stock is currently owned by company insiders.

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.