Clearbridge Investments LLC Buys 1,369 Shares of Bumble Inc. (NASDAQ:BMBL)

Clearbridge Investments LLC grew its stake in shares of Bumble Inc. (NASDAQ:BMBL) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,649 shares of the company’s stock after buying an additional 1,369 shares during the quarter. Clearbridge Investments LLC’s holdings in Bumble were worth $761,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Bumble by 3.2% in the third quarter. Vanguard Group Inc. now owns 9,713,180 shares of the company’s stock worth $144,921,000 after purchasing an additional 297,286 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Bumble by 4.4% in the third quarter. Wellington Management Group LLP now owns 8,303,961 shares of the company’s stock worth $123,895,000 after buying an additional 347,238 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bumble by 39.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,267 shares of the company’s stock worth $53,055,000 after buying an additional 1,013,374 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Bumble by 15.7% in the third quarter. The Manufacturers Life Insurance Company now owns 1,906,564 shares of the company’s stock worth $28,446,000 after buying an additional 258,288 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in Bumble by 2.3% in the third quarter. TimesSquare Capital Management LLC now owns 1,349,951 shares of the company’s stock worth $20,141,000 after buying an additional 30,955 shares during the period. 94.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of Bumble stock in a transaction that occurred on Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the completion of the sale, the insider now owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.84% of the stock is currently owned by insiders.

Bumble Price Performance

Shares of BMBL opened at $11.47 on Monday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.46. Bumble Inc. has a twelve month low of $9.83 and a twelve month high of $21.06. The company has a market capitalization of $1.45 billion, a P/E ratio of 67.47, a price-to-earnings-growth ratio of 0.26 and a beta of 1.67. The firm has a 50 day moving average of $10.91 and a 200 day moving average of $12.70.

Bumble (NASDAQ:BMBL) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The business had revenue of $267.80 million during the quarter, compared to the consensus estimate of $265.41 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Bumble Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on BMBL. Raymond James restated a “market perform” rating on shares of Bumble in a report on Thursday, April 4th. The Goldman Sachs Group lowered their price objective on shares of Bumble from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. lowered their price objective on shares of Bumble from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Bank of America upgraded shares of Bumble from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, May 10th. Finally, Susquehanna lowered their target price on shares of Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.89.

Bumble Profile

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.