27,188 Shares in Bumble Inc. (NASDAQ:BMBL) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of Bumble Inc. (NASDAQ:BMBL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,188 shares of the company’s stock, valued at approximately $173,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Bumble in the second quarter worth $24,121,000. Vanguard Group Inc. grew its position in shares of Bumble by 6.0% in the first quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company’s stock valued at $122,837,000 after purchasing an additional 613,759 shares during the last quarter. Archon Capital Management LLC bought a new position in shares of Bumble in the first quarter worth about $6,370,000. Joho Capital LLC acquired a new position in shares of Bumble during the 1st quarter worth about $6,242,000. Finally, Edgestream Partners L.P. bought a new stake in Bumble during the 1st quarter valued at approximately $4,563,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

BMBL has been the subject of a number of research analyst reports. KeyCorp lowered Bumble from an “overweight” rating to a “sector weight” rating in a report on Friday, September 27th. HSBC reissued a “hold” rating on shares of Bumble in a report on Friday, August 9th. TD Cowen lowered shares of Bumble from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $7.50 in a research report on Friday, August 16th. Morgan Stanley decreased their target price on Bumble from $12.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group upped their price target on Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Bumble currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Bumble Price Performance

Shares of Bumble stock opened at $7.87 on Friday. The stock has a market capitalization of $995.87 million, a price-to-earnings ratio of -1.61 and a beta of 1.62. The firm’s 50-day moving average price is $6.94 and its two-hundred day moving average price is $8.53. The company has a current ratio of 2.09, a quick ratio of 2.38 and a debt-to-equity ratio of 0.75. Bumble Inc. has a 1-year low of $4.80 and a 1-year high of $15.90.

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.