Bumble Inc. (NASDAQ:BMBL) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,497 shares of the company’s stock after selling 14,385 shares during the quarter. 180 Wealth Advisors LLC owned 0.06% of Bumble worth $525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new stake in shares of Bumble during the third quarter worth approximately $911,000. Victory Capital Management Inc. grew its holdings in Bumble by 470.7% during the 3rd quarter. Victory Capital Management Inc. now owns 250,025 shares of the company’s stock worth $1,595,000 after acquiring an additional 206,215 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Bumble during the 2nd quarter worth $823,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Bumble in the 2nd quarter worth about $1,716,000. Finally, AXA S.A. raised its stake in shares of Bumble by 1,589.8% in the 2nd quarter. AXA S.A. now owns 191,064 shares of the company’s stock valued at $2,008,000 after purchasing an additional 179,757 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Bumble Price Performance

Shares of NASDAQ:BMBL opened at $7.47 on Wednesday. The firm’s 50 day moving average is $8.16 and its two-hundred day moving average is $7.65. The firm has a market capitalization of $808.12 million, a P/E ratio of -1.53 and a beta of 1.70. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. Bumble Inc. has a 52 week low of $4.80 and a 52 week high of $14.65.

Analysts Set New Price Targets

BMBL has been the subject of several research analyst reports. Susquehanna boosted their price objective on Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Wolfe Research lowered Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Piper Sandler reissued a “neutral” rating and set a $8.00 price target (up from $7.00) on shares of Bumble in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, KeyCorp lowered shares of Bumble from an “overweight” rating to a “sector weight” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Bumble presently has a consensus rating of “Hold” and an average price target of $8.50.

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.