Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 76,553 Bumble Inc. $BMBL

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bumble Inc. (NASDAQ:BMBL) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 76,553 shares of the company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its position in shares of Bumble by 40.0% during the 1st quarter. Cerity Partners LLC now owns 17,105 shares of the company’s stock worth $74,000 after buying an additional 4,885 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in Bumble during the first quarter worth about $54,000. Y Intercept Hong Kong Ltd bought a new position in shares of Bumble in the first quarter worth about $74,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Bumble by 123.9% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,940 shares of the company’s stock valued at $178,000 after purchasing an additional 22,658 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Bumble by 183.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 49,800 shares of the company’s stock valued at $216,000 after purchasing an additional 32,200 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

BMBL has been the subject of several research reports. Zacks Research raised shares of Bumble to a “hold” rating in a research note on Friday, August 8th. The Goldman Sachs Group lowered their price target on shares of Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, November 7th. UBS Group cut their price objective on Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Bumble in a research report on Tuesday, October 14th. Finally, Morgan Stanley dropped their target price on Bumble from $6.00 to $3.50 and set an “equal weight” rating for the company in a research report on Wednesday. Twelve investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $5.17.

Bumble Stock Performance

NASDAQ BMBL opened at $3.40 on Thursday. The company has a market capitalization of $383.31 million, a price-to-earnings ratio of 3.04, a PEG ratio of 0.09 and a beta of 1.93. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. Bumble Inc. has a twelve month low of $3.33 and a twelve month high of $9.22. The stock has a fifty day simple moving average of $5.55 and a 200 day simple moving average of $6.02.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $246.16 million during the quarter, compared to the consensus estimate of $244.19 million. Bumble had a negative net margin of 19.82% and a positive return on equity of 10.85%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm posted ($5.11) EPS. Bumble has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Bumble Inc. will post 4.19 EPS for the current 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.