Campbell & CO Investment Adviser LLC Buys 56,640 Shares of Bumble Inc. $BMBL

Campbell & CO Investment Adviser LLC raised its stake in Bumble Inc. (NASDAQ:BMBL) by 157.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,548 shares of the company’s stock after acquiring an additional 56,640 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.09% of Bumble worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB purchased a new position in shares of Bumble during the 2nd quarter valued at $7,337,000. Ieq Capital LLC bought a new stake in Bumble in the 1st quarter valued at about $113,000. XTX Topco Ltd purchased a new stake in Bumble during the first quarter valued at about $306,000. Principal Financial Group Inc. boosted its position in Bumble by 7.6% during the first quarter. Principal Financial Group Inc. now owns 170,822 shares of the company’s stock worth $741,000 after purchasing an additional 12,032 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its position in Bumble by 191.5% during the second quarter. Y Intercept Hong Kong Ltd now owns 49,587 shares of the company’s stock worth $327,000 after purchasing an additional 32,575 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Bumble in a research note on Tuesday, October 14th. Wells Fargo & Company dropped their target price on Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley raised their price target on Bumble from $5.50 to $6.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. The Goldman Sachs Group decreased their price objective on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, UBS Group cut their target price on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Twelve investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bumble currently has a consensus rating of “Reduce” and a consensus price target of $5.38.

Bumble Price Performance

NASDAQ:BMBL opened at $3.60 on Friday. Bumble Inc. has a 52-week low of $3.55 and a 52-week high of $9.22. The stock has a fifty day moving average of $5.74 and a 200 day moving average of $6.03. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.30 and a current ratio of 3.55. The firm has a market capitalization of $405.86 million, a price-to-earnings ratio of 3.21, a P/E/G ratio of 0.10 and a beta of 1.93.

Bumble (NASDAQ:BMBL) last announced its earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The business had revenue of $246.16 million during the quarter, compared to the consensus estimate of $244.19 million. During the same quarter in the prior year, the company earned ($5.11) earnings per share. Bumble’s revenue was down 10.0% compared to the same quarter last year. Bumble has set its Q4 2025 guidance at EPS. On average, research analysts expect that Bumble Inc. will post 4.19 EPS for the current fiscal year.

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.