RBF Capital LLC Sells 204,544 Shares of Bumble Inc. $BMBL

RBF Capital LLC reduced its holdings in Bumble Inc. (NASDAQ:BMBL) by 33.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 400,000 shares of the company’s stock after selling 204,544 shares during the quarter. RBF Capital LLC’s holdings in Bumble were worth $2,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased its position in shares of Bumble by 45.2% during the 1st quarter. Invesco Ltd. now owns 278,346 shares of the company’s stock worth $1,208,000 after purchasing an additional 86,600 shares during the last quarter. Nuveen LLC acquired a new stake in Bumble during the 1st quarter valued at $1,196,000. Fox Run Management L.L.C. bought a new stake in shares of Bumble during the 1st quarter worth about $206,000. Quantbot Technologies LP acquired a new position in shares of Bumble in the first quarter valued at approximately $429,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Bumble in the first quarter valued at approximately $445,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group cut their target price on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada cut shares of Bumble from a “moderate buy” rating to a “hold” rating and lowered their price objective for the stock from $7.50 to $5.00 in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Bumble in a research note on Thursday, December 4th. Susquehanna cut their price target on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, The Goldman Sachs Group cut their target price on shares of Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Twelve investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Bumble currently has a consensus rating of “Reduce” and an average price target of $5.17.

Bumble Stock Performance

Shares of BMBL opened at $3.78 on Wednesday. Bumble Inc. has a 1 year low of $3.18 and a 1 year high of $8.82. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55. The stock’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $5.83. The firm has a market cap of $426.16 million, a PE ratio of 3.38, a PEG ratio of 0.11 and a beta of 1.96.

Bumble (NASDAQ:BMBL) last announced 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). Bumble had a negative net margin of 19.82% and a positive return on equity of 10.85%. The business had revenue of $246.16 million for the quarter, compared to analysts’ expectations of $244.19 million. During the same quarter in the previous year, the company posted ($5.11) earnings per share. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. On average, equities research analysts forecast 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.