FDx Advisors Inc. purchased a new position in shares of Bumble Inc. (NASDAQ:BMBL) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 5,920 shares of the company’s stock, valued at approximately $369,000.
Separately, Calamos Advisors LLC bought a new position in Bumble during the 1st quarter worth approximately $7,242,000.
Shares of NASDAQ BMBL opened at $58.12 on Friday. Bumble Inc. has a 52-week low of $54.89 and a 52-week high of $84.80. The company’s 50-day moving average is $63.22.
Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Tuesday, March 9th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. The firm had revenue of $165.60 million for the quarter, compared to analysts’ expectations of $163.31 million. The firm’s revenue was up 31.1% on a year-over-year basis.
A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Bumble from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 17th. Raymond James started coverage on shares of Bumble in a research note on Monday, March 15th. They issued a “market perform” rating for the company. Loop Capital began coverage on shares of Bumble in a report on Tuesday, March 30th. They issued a “hold” rating and a $65.00 price target on the stock. BTIG Research began coverage on shares of Bumble in a report on Monday. They set a “buy” rating and a $77.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Bumble in a report on Monday, March 15th. They set a “neutral” rating and a $46.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $67.93.
In other Bumble news, major shareholder Holdings Gp Man Blackstone III sold 24,798,848 shares of Bumble stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $41.07, for a total transaction of $1,018,488,687.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Whitney Wolfe Herd acquired 488,371 shares of the stock in a transaction dated Tuesday, February 16th. The stock was acquired at an average cost of $43.00 per share, with a total value of $20,999,953.00. The disclosure for this purchase can be found here.
Bumble Company 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 credit-based dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis.
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