Y Intercept Hong Kong Ltd Boosts Position in Bumble Inc. $BMBL

Y Intercept Hong Kong Ltd lifted its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 533.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,899 shares of the company’s stock after acquiring an additional 264,312 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.30% of Bumble worth $1,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BMBL. Nordea Investment Management AB raised its holdings in Bumble by 5.1% in the 3rd quarter. Nordea Investment Management AB now owns 1,160,668 shares of the company’s stock worth $7,068,000 after purchasing an additional 56,574 shares in the last quarter. SG Americas Securities LLC bought a new position in Bumble in the third quarter worth about $562,000. Global Retirement Partners LLC boosted its position in 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 acquiring an additional 10,019 shares in the last quarter. CWM LLC raised its position in shares of Bumble by 46.9% in the 3rd quarter. CWM LLC now owns 56,486 shares of the company’s stock worth $344,000 after acquiring an additional 18,040 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Bumble in the third quarter worth $633,000. Institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BMBL shares. Morgan Stanley cut their price objective on shares of Bumble from $6.00 to $3.50 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. UBS Group cut their price target on Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Zacks Research cut Bumble from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $4.00 target price on shares of Bumble in a report on Tuesday, January 20th. Finally, Citigroup reduced their price target on Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a report on Monday, December 22nd. Twelve 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.com, the company currently has an average rating of “Reduce” and a consensus price target of $4.77.

Bumble Trading Down 3.3%

NASDAQ:BMBL opened at $3.51 on Friday. The company has a market cap of $395.72 million, a PE ratio of 3.13, a price-to-earnings-growth ratio of 0.13 and a beta of 1.95. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 0.97. The company has a 50 day simple moving average of $3.58 and a two-hundred day simple moving average of $5.25. Bumble Inc. has a 12 month low of $3.18 and a 12 month high of $8.82.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $246.16 million during the quarter, compared to analysts’ expectations of $244.19 million. Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The business’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the business earned ($5.11) earnings per share. Research analysts forecast that Bumble Inc. will post 4.19 earnings per share for the current year.

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.