Olympiad Research LP Invests $129,000 in Bumble Inc. (NASDAQ:BMBL)

Olympiad Research LP purchased a new stake in Bumble Inc. (NASDAQ:BMBL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,873 shares of the company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BMBL. Rhumbline Advisers raised its position in Bumble by 1.4% during the 4th quarter. Rhumbline Advisers now owns 155,006 shares of the company’s stock valued at $1,262,000 after purchasing an additional 2,157 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Bumble by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company’s stock valued at $841,000 after buying an additional 2,760 shares during the period. Franklin Resources Inc. raised its holdings in shares of Bumble by 11.3% in the third quarter. Franklin Resources Inc. now owns 62,328 shares of the company’s stock valued at $421,000 after acquiring an additional 6,325 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Bumble in the fourth quarter worth about $56,000. Finally, Versor Investments LP grew its holdings in Bumble by 25.3% during the 3rd quarter. Versor Investments LP now owns 38,600 shares of the company’s stock worth $246,000 after acquiring an additional 7,800 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Bumble Trading Down 4.7 %

Bumble stock opened at $5.21 on Monday. The stock has a 50-day moving average price of $7.86 and a 200 day moving average price of $7.39. The company has a market capitalization of $564.05 million, a price-to-earnings ratio of -1.07 and a beta of 1.70. Bumble Inc. has a 52 week low of $4.80 and a 52 week high of $13.36. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BMBL shares. Morgan Stanley boosted their price target on shares of Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of Bumble from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Wolfe Research cut Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Evercore ISI cut their price target on Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.05.

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 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.