586,269 Shares in Bumble Inc. $BMBL Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new stake in shares of Bumble Inc. (NASDAQ:BMBL) during the third quarter, HoldingsChannel reports. The fund acquired 586,269 shares of the company’s stock, valued at approximately $3,570,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its stake in shares of Bumble by 1,760.8% during the 3rd quarter. Global Retirement Partners LLC now owns 10,588 shares of the company’s stock valued at $64,000 after purchasing an additional 10,019 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Bumble in the third quarter worth about $65,000. Spire Wealth Management purchased a new stake in Bumble in the second quarter worth about $71,000. Castleview Partners LLC bought a new stake in Bumble during the 3rd quarter valued at approximately $65,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Bumble by 182.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,117 shares of the company’s stock worth $73,000 after acquiring an additional 7,185 shares during the period. 94.85% of the stock is currently owned by institutional investors.

Bumble Price Performance

BMBL opened at $3.03 on Friday. The firm has a market cap of $341.60 million, a PE ratio of 2.71, a P/E/G ratio of 0.11 and a beta of 1.95. The stock has a 50-day moving average price of $3.40 and a 200-day moving average price of $4.73. Bumble Inc. has a 1 year low of $2.61 and a 1 year high of $8.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55.

Analyst Ratings Changes

A number of research firms have recently commented on BMBL. UBS Group lowered 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. Evercore lowered their price objective on Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada downgraded shares of Bumble from a “moderate buy” rating to a “hold” rating and reduced their target price for the stock from $7.50 to $5.00 in a research report on Thursday, November 6th. Morgan Stanley lowered their price target on shares of Bumble from $6.00 to $3.50 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $4.00 price objective on shares of Bumble in a research note on Tuesday, January 20th. Eleven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bumble currently has an average rating of “Reduce” and a consensus price target of $4.60.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.