Shares of Bumble Inc. (NASDAQ:BMBL) sold by Raymond James & Associates


Raymond James & Associates trimmed its position in shares of Bumble Inc. (NASDAQ:BMBLGet a score) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,691 shares of the company’s stock after selling 7,111 shares during the period. Raymond James & Associates owned approximately 0.06% of Bumble worth $1,734,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Bumble by 0.7% during the first quarter. California State Teachers Retirement System now owns 60,437 shares of the company’s stock worth $1,751,000 after purchasing an additional 401 shares during the last quarter. Whittier Trust Co. raised its stake in Bumble by 50.1% during the third quarter. Whittier Trust Co. now owns 1,501 shares of the company’s stock worth $32,000 after purchasing an additional 501 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Bumble by 17.6% during the second quarter. Exchange Traded Concepts LLC now owns 3,704 shares of the company’s stock worth $104,000 after buying an additional 555 shares in the last quarter. Verition Fund Management LLC raised its stake in Bumble by 8.2% during the second quarter. Verition Fund Management LLC now owns 8,282 shares of the company’s stock worth $233,000 after buying an additional 631 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Bumble by 22.6% during the second quarter. Captrust Financial Advisors now owns 5,616 shares of the company’s stock worth $158,000 after buying an additional 1,035 shares during the last quarter.

Wall Street analysts weigh in

A number of analysts have recently weighed in on BMBL shares. Cowen reduced their price objective on Bumble from $38.00 to $33.00 in a research report on Thursday, November 10th. Evercore ISI reduced their price objective on Bumble from $34.00 to $25.00 in a research report on Thursday, November 10th. Loop Capital upped their price objective on Bumble from $17.00 to $25.00 in a research report on Tuesday. Cowen reduced their price objective on Bumble from $38.00 to $33.00 in a research report on Thursday, November 10th. Finally, Bank of America assumed coverage on Bumble in a research report on Monday, December 12th. They set a “buy” rating and a $29.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.11, according to data from MarketBeat.

Bumble Stock Performance

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Shares of BMBL stock opened at $24.43 on Wednesday. The stock’s 50-day moving average is $22.53, and its two-hundred-day moving average is $25.60. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 152.95 and a beta of 1.80. Bumble Inc. it has a one year low of $15.41 and a one year high of $39.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.24, and a current ratio of 3.24.

Bumble (NASDAQ:BMBLGet a score) last released its quarterly earnings data on Wednesday, November 9th. The company reported earnings per share (EPS) of $0.14 for the quarter. The company had revenue of $232.64 million during the quarter, compared to analyst estimates of $236.89 million. Bumble had a return on equity of 0.67% and a net margin of 2.29%. Analysts predict that Bumble Inc. will post 0.23 earnings per share for the current year.

Bumble Company Profile

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Bumble Inc provides online dating and social networking platforms in North America, Europe and internationally. Owns and operates websites and apps that offer subscription dating products and in-app purchases. The company operates two apps, Bumble and Badoo with approximately 40 million monthly users, as well as Fruitz, an online dating app.

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Institutional Ownership by Quarter for Bumble (NASDAQ:BMBL)

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