Y Intercept Hong Kong Ltd Boosts Stake in Bumble Inc. $BMBL

Y Intercept Hong Kong Ltd boosted its stake in shares of Bumble Inc. (NASDAQ:BMBL) by 533.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 313,899 shares of the company’s stock after buying an additional 264,312 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Bumble were worth $1,912,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BMBL. Maple Rock Capital Partners Inc. bought a new position in shares of Bumble during the 2nd quarter valued at approximately $30,127,000. Bank of America Corp DE boosted its holdings in Bumble by 11.2% in the 2nd quarter. Bank of America Corp DE now owns 1,856,221 shares of the company’s stock worth $12,232,000 after buying an additional 187,299 shares during the period. Federated Hermes Inc. increased its stake in Bumble by 57.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,173,055 shares of the company’s stock worth $7,730,000 after buying an additional 428,559 shares in the last quarter. Nordea Investment Management AB raised its holdings in Bumble by 5.1% during the third quarter. Nordea Investment Management AB now owns 1,160,668 shares of the company’s stock valued at $7,068,000 after acquiring an additional 56,574 shares during the period. Finally, PDT Partners LLC lifted its position in shares of Bumble by 28.8% in the second quarter. PDT Partners LLC now owns 957,624 shares of the company’s stock valued at $6,311,000 after acquiring an additional 213,881 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

Shares of Bumble stock opened at $3.51 on Friday. The stock has a market cap of $395.72 million, a price-to-earnings ratio of 3.13, a price-to-earnings-growth ratio of 0.13 and a beta of 1.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.55 and a current ratio of 3.55. The stock has a 50 day moving average price of $3.58 and a 200-day moving average price of $5.25. Bumble Inc. has a one year low of $3.18 and a one year high of $8.82.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (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 positive return on equity of 10.85% and a negative net margin of 19.82%.The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($5.11) earnings per share. Equities analysts expect that Bumble Inc. will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

BMBL has been the subject of several research analyst reports. Jefferies Financial Group cut their target price on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research note on Monday, December 29th. Wells Fargo & Company decreased their price target on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Zacks Research lowered Bumble from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Finally, The Goldman Sachs Group decreased their price objective on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $4.77.

Bumble 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.