180 Wealth Advisors LLC Increases Stock Holdings in Bumble Inc. (NASDAQ:BMBL)

180 Wealth Advisors LLC boosted its stake in Bumble Inc. (NASDAQ:BMBL) by 85.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 42,126 shares of the company’s stock after acquiring an additional 19,350 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Bumble were worth $478,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BMBL. Vanguard Group Inc. grew its position in shares of Bumble by 3.2% in the third quarter. Vanguard Group Inc. now owns 9,713,180 shares of the company’s stock valued at $144,921,000 after purchasing an additional 297,286 shares during the period. Wellington Management Group LLP increased its stake in Bumble by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,303,961 shares of the company’s stock worth $123,895,000 after buying an additional 347,238 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Bumble by 1,895.5% during the fourth quarter. Jump Financial LLC now owns 222,396 shares of the company’s stock valued at $3,278,000 after acquiring an additional 211,251 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Bumble by 16.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 683,553 shares of the company’s stock valued at $10,076,000 after acquiring an additional 97,948 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Bumble by 12.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,589,176 shares of the company’s stock valued at $52,904,000 after acquiring an additional 397,741 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BMBL. Susquehanna dropped their price target on Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Bumble from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Morgan Stanley initiated coverage on shares of Bumble in a research report on Thursday, April 18th. They set an “equal weight” rating and a $13.00 price target on the stock. Bank of America raised shares of Bumble from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, May 10th. Finally, The Goldman Sachs Group lowered their target price on Bumble from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Bumble currently has an average rating of “Moderate Buy” and an average price target of $15.89.

Bumble Price Performance

Shares of BMBL traded up $0.09 during trading hours on Friday, reaching $10.32. The company had a trading volume of 354,831 shares, compared to its average volume of 2,829,603. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 60.18 and a beta of 1.73. Bumble Inc. has a 12-month low of $9.73 and a 12-month high of $21.06. The firm has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $12.17. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.46.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12. Bumble had a return on equity of 0.92% and a net margin of 2.04%. The firm had revenue of $267.80 million during the quarter, compared to analysts’ expectations of $265.41 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. Bumble’s revenue was up 10.3% on a year-over-year basis. Research analysts expect that Bumble Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other Bumble news, Director Ann Mather sold 7,492 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $11.41, for a total transaction of $85,483.72. Following the sale, the director now owns 29,030 shares in the company, valued at approximately $331,232.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.84% of the company’s stock.

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.