Bumble Inc. (NASDAQ:BMBL) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its stake in shares of Bumble Inc. (NASDAQ:BMBL) by 18.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 64,497 shares of the company’s stock after selling 14,385 shares during the period. 180 Wealth Advisors LLC’s holdings in Bumble were worth $525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BMBL. FNY Investment Advisers LLC bought a new position in shares of Bumble in the fourth quarter valued at approximately $56,000. SG Americas Securities LLC acquired a new stake in Bumble in the third quarter worth approximately $71,000. Capital Management Associates Inc bought a new position in Bumble during the 3rd quarter valued at $74,000. D.A. Davidson & CO. acquired a new position in shares of Bumble during the 3rd quarter valued at $77,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Bumble in the 3rd quarter worth $90,000. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Down 0.1 %

BMBL stock opened at $7.47 on Wednesday. Bumble Inc. has a 12-month low of $4.80 and a 12-month high of $14.65. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The company has a market cap of $808.12 million, a price-to-earnings ratio of -1.53 and a beta of 1.70. The company has a 50 day moving average of $8.16 and a two-hundred day moving average of $7.65.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp lowered Bumble from an “overweight” rating to a “sector weight” rating in a report on Friday, September 27th. Morgan Stanley lifted their price objective on shares of Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their price target on shares of Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on Bumble from $6.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.50.

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.