Rothschild Investment LLC Makes New $401,000 Investment in Bumble Inc. (NASDAQ:BMBL)

Rothschild Investment LLC bought a new stake in shares of Bumble Inc. (NASDAQ:BMBL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,110 shares of the company’s stock, valued at approximately $401,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC acquired a new stake in Bumble during the second quarter valued at $64,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Bumble by 73.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company’s stock valued at $77,000 after buying an additional 2,210 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Bumble during the 4th quarter valued at about $162,000. FourWorld Capital Management LLC bought a new stake in shares of Bumble in the 1st quarter valued at approximately $165,000. Finally, Entropy Technologies LP acquired a new position in Bumble in the first quarter worth approximately $175,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. HSBC reiterated a “hold” rating on shares of Bumble in a research note on Friday, August 9th. Wells Fargo & Company decreased their price objective on shares of Bumble from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus lowered Bumble from a “buy” rating to a “hold” rating and cut their target price for the company from $13.00 to $6.50 in a report on Thursday, August 8th. TD Cowen cut Bumble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $7.50 in a research report on Friday, August 16th. Finally, Bank of America lowered Bumble from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $5.50 in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.62.

Bumble Trading Up 1.8 %

Shares of BMBL stock opened at $6.71 on Monday. The firm has a market capitalization of $846.80 million, a P/E ratio of 39.47 and a beta of 1.70. Bumble Inc. has a 1 year low of $4.80 and a 1 year high of $17.31. The firm’s fifty day simple moving average is $8.29 and its 200 day simple moving average is $10.17. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.45.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $268.60 million for the quarter, compared to analyst estimates of $273.04 million. Bumble had a net margin of 3.93% and a return on equity of 1.82%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. As a group, sell-side analysts predict that Bumble Inc. will post 0.83 EPS for the current year.

Insider Activity at Bumble

In other Bumble news, Director Ann Mather sold 7,492 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $11.41, for a total value of $85,483.72. Following the completion of the transaction, the director now owns 29,030 shares of the company’s stock, valued at approximately $331,232.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.84% of the company’s stock.

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.