19,735 Shares in Bumble Inc. (NASDAQ:BMBL) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Bumble Inc. (NASDAQ:BMBL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,735 shares of the company’s stock, valued at approximately $161,000.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Bumble in the fourth quarter worth $56,000. D.A. Davidson & CO. bought a new stake in Bumble during the third quarter valued at $77,000. Quantinno Capital Management LP bought a new stake in Bumble during the third quarter valued at $90,000. Olympiad Research LP bought a new stake in Bumble during the fourth quarter valued at $129,000. Finally, Empowered Funds LLC bought a new stake in Bumble during the fourth quarter valued at $187,000. Institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Evercore ISI cut their price target on shares of Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Citigroup cut their price target on shares of Bumble from $8.00 to $6.80 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company cut their price objective on shares of Bumble from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Finally, Susquehanna reduced their target price on Bumble from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Bumble currently has an average rating of “Hold” and an average price target of $7.52.

Bumble Price Performance

BMBL stock opened at $5.08 on Monday. The company has a market capitalization of $549.56 million, a P/E ratio of -1.04 and a beta of 1.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. Bumble Inc. has a 52-week low of $4.58 and a 52-week high of $12.49. The business has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $7.32.

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.