Squarepoint Ops LLC Reduces Position in Bumble Inc. $BMBL

Squarepoint Ops LLC reduced its holdings in Bumble Inc. (NASDAQ:BMBL) by 69.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 92,900 shares of the company’s stock after selling 211,761 shares during the period. Squarepoint Ops LLC’s holdings in Bumble were worth $612,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Maple Rock Capital Partners Inc. acquired a new stake in Bumble in the 2nd quarter valued at about $30,127,000. Nordea Investment Management AB purchased a new stake in shares of Bumble in the second quarter valued at approximately $7,337,000. Cubist Systematic Strategies LLC increased its holdings in shares of Bumble by 3,714.4% in the second quarter. Cubist Systematic Strategies LLC now owns 923,093 shares of the company’s stock valued at $6,083,000 after purchasing an additional 898,893 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Bumble by 709.1% during the second quarter. JPMorgan Chase & Co. now owns 713,855 shares of the company’s stock worth $4,704,000 after buying an additional 625,631 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in Bumble by 242.6% during the first quarter. PDT Partners LLC now owns 743,743 shares of the company’s stock worth $3,228,000 after buying an additional 526,629 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Bumble Trading Up 1.1%

Shares of BMBL stock opened at $3.58 on Wednesday. The company has a 50-day moving average of $4.25 and a two-hundred day moving average of $5.68. The firm has a market cap of $403.61 million, a PE ratio of 3.20, a price-to-earnings-growth ratio of 0.11 and a beta of 1.96. Bumble Inc. has a 1-year low of $3.18 and a 1-year high of $8.82. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $246.16 million during the quarter, compared to analyst estimates of $244.19 million. Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The business’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($5.11) earnings per share. On average, analysts predict that Bumble Inc. will post 4.19 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on BMBL shares. UBS Group cut their target price on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Evercore ISI dropped their price objective on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, November 6th. Morgan Stanley reduced their target price on shares of Bumble from $6.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Susquehanna decreased their target price on shares of Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group cut their price target on shares of Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Thirteen research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.83.

Bumble Company 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.