FNY Investment Advisers LLC Acquires Shares of 7,000 Bumble Inc. (NASDAQ:BMBL)

FNY Investment Advisers LLC purchased a new stake in Bumble Inc. (NASDAQ:BMBL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,000 shares of the company’s stock, valued at approximately $56,000.

Several other large investors have also bought and sold shares of BMBL. Geode Capital Management LLC increased its position in Bumble by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,678 shares of the company’s stock valued at $14,872,000 after buying an additional 14,889 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Bumble in the 2nd quarter worth approximately $24,121,000. The Manufacturers Life Insurance Company increased its stake in shares of Bumble by 17.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,042,599 shares of the company’s stock worth $21,468,000 after purchasing an additional 297,057 shares in the last quarter. Westbourne Investment Advisors Inc. lifted its position in shares of Bumble by 17.1% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 410,811 shares of the company’s stock valued at $2,621,000 after buying an additional 59,970 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Bumble by 470.7% in the third quarter. Victory Capital Management Inc. now owns 250,025 shares of the company’s stock worth $1,595,000 after purchasing an additional 206,215 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BMBL shares. Wolfe Research downgraded shares of Bumble from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Morgan Stanley lifted their target price on Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group upped their price objective on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective (up previously from $7.00) on shares of Bumble in a report on Thursday, November 7th. Finally, Stifel Nicolaus upped their target price on Bumble from $6.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, November 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

Bumble Trading Up 4.8 %

Shares of Bumble stock opened at $7.83 on Thursday. 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 business has a 50 day moving average price of $8.16 and a 200 day moving average price of $7.65. The company has a market capitalization of $847.07 million, a P/E ratio of -1.60 and a beta of 1.70. Bumble Inc. has a 1 year low of $4.80 and a 1 year high of $14.65.

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.