47,354 Shares in Bumble Inc. $BMBL Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of Bumble Inc. (NASDAQ:BMBL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,354 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of Bumble by 11.5% during the fourth quarter. Wells Fargo & Company MN now owns 117,935 shares of the company’s stock worth $960,000 after purchasing an additional 12,132 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Bumble by 125.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 88,116 shares of the company’s stock worth $717,000 after buying an additional 49,050 shares during the last quarter. Cerity Partners LLC purchased a new stake in Bumble during the 4th quarter worth approximately $95,000. Renaissance Technologies LLC raised its holdings in shares of Bumble by 223.2% during the fourth quarter. Renaissance Technologies LLC now owns 391,100 shares of the company’s stock valued at $3,184,000 after acquiring an additional 270,093 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Bumble by 202.9% in the fourth quarter. Barclays PLC now owns 553,186 shares of the company’s stock valued at $4,503,000 after acquiring an additional 370,568 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Stock Up 2.2%

Shares of BMBL opened at $6.52 on Thursday. Bumble Inc. has a 52-week low of $3.55 and a 52-week high of $9.22. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $6.64 and a two-hundred day simple moving average of $5.78. The company has a market capitalization of $678.15 million, a PE ratio of -1.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.96.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. Bumble had a negative net margin of 82.41% and a positive return on equity of 10.35%. The firm had revenue of $248.23 million during the quarter, compared to analyst estimates of $243.72 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Bumble’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, equities analysts forecast that Bumble Inc. will post 4.19 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on BMBL. UBS Group boosted their price target on Bumble from $6.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lifted their target price on shares of Bumble from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Wells Fargo & Company reiterated a “positive” rating on shares of Bumble in a research report on Friday, June 27th. Zacks Research raised shares of Bumble to a “hold” rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $5.00 price objective on shares of Bumble in a research note on Tuesday, June 3rd. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Bumble presently has an average rating of “Hold” and an average price target of $6.63.

Insider Buying and Selling at Bumble

In other Bumble news, major shareholder – Nq L.L.C. Btoa sold 16,689,884 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of Bumble stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total value of $104,478,673.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,124,652 shares of company stock worth $426,460,322. Insiders own 15.84% of the company’s stock.

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.