Proficio Capital Partners LLC Acquires New Position in Bumble Inc. (NASDAQ:BMBL)

Proficio Capital Partners LLC acquired a new position in shares of Bumble Inc. (NASDAQ:BMBL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,158 shares of the company’s stock, valued at approximately $189,000.

Other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Bumble during the 4th quarter worth $56,000. D.A. Davidson & CO. acquired a new position in shares of Bumble during the 3rd quarter valued at about $77,000. Quantinno Capital Management LP bought a new position in shares of Bumble in the 3rd quarter valued at approximately $90,000. Olympiad Research LP acquired a new stake in Bumble in the 4th quarter worth approximately $129,000. Finally, Aigen Investment Management LP bought a new stake in Bumble during the third quarter worth approximately $173,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BMBL shares. Wells Fargo & Company lowered their price target on Bumble from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price objective on shares of Bumble from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler cut their target price on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.39.

Bumble Price Performance

NASDAQ:BMBL opened at $4.99 on Thursday. 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 $526.67 million, a PE ratio of -1.02 and a beta of 1.77. Bumble Inc. has a 12 month low of $4.58 and a 12 month high of $12.49. The company’s 50-day moving average price is $7.08 and its two-hundred day moving average price is $7.28.

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.