Jupiter Asset Management Ltd. Purchases Shares of 586,269 Bumble Inc. $BMBL

Jupiter Asset Management Ltd. purchased a new position in shares of Bumble Inc. (NASDAQ:BMBL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 586,269 shares of the company’s stock, valued at approximately $3,570,000. Jupiter Asset Management Ltd. owned about 0.56% of Bumble as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after buying an additional 3,820,205 shares in the last quarter. LSV Asset Management bought a new position in Bumble during the third quarter valued at approximately $290,000. Envestnet Asset Management Inc. purchased a new position in shares of Bumble during the third quarter worth approximately $65,000. Arizona State Retirement System raised its stake in shares of Bumble by 14.4% during the third quarter. Arizona State Retirement System now owns 26,419 shares of the company’s stock worth $161,000 after acquiring an additional 3,317 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Bumble by 0.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,181,110 shares of the company’s stock worth $7,193,000 after acquiring an additional 8,055 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Performance

Bumble stock opened at $3.03 on Friday. 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 firm has a market cap of $341.60 million, a P/E ratio of 2.71, a P/E/G ratio of 0.11 and a beta of 1.95. Bumble Inc. has a 1-year low of $2.61 and a 1-year high of $8.64. The firm has a 50-day moving average of $3.40 and a 200-day moving average of $4.73.

Wall Street Analyst Weigh In

BMBL has been the topic of several recent research reports. Citigroup reduced their target price on shares of Bumble from $5.50 to $3.80 and set a “neutral” rating on the stock in a report on Monday, December 22nd. UBS Group cut their price target on shares of Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Zacks Research downgraded Bumble from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Jefferies Financial Group lowered their target price on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada lowered Bumble from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from $7.50 to $5.00 in a research report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.60.

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.