Quinn Opportunity Partners LLC Increases Stake in Bumble Inc. $BMBL

Quinn Opportunity Partners LLC grew its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 292.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200,372 shares of the company’s stock after buying an additional 149,372 shares during the quarter. Quinn Opportunity Partners LLC owned 0.19% of Bumble worth $1,320,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Pale Fire Capital SE bought a new position in shares of Bumble in the first quarter worth about $43,000. Spire Wealth Management bought a new position in Bumble in the 2nd quarter worth about $71,000. Vident Advisory LLC purchased a new position in shares of Bumble during the first quarter worth approximately $48,000. Teacher Retirement System of Texas bought a new stake in shares of Bumble during the first quarter valued at approximately $49,000. Finally, Savant Capital LLC bought a new stake in shares of Bumble during the second quarter valued at approximately $75,000. Institutional investors own 94.85% of the company’s stock.

Bumble Trading Down 2.5%

Shares of BMBL stock opened at $3.90 on Thursday. The firm has a market capitalization of $405.64 million, a P/E ratio of 3.48, a PEG ratio of 0.10 and a beta of 1.93. Bumble Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $9.22. The stock’s fifty day moving average is $5.86 and its two-hundred day moving average is $6.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.30 and a current ratio of 3.55.

Bumble (NASDAQ:BMBL) last issued its earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The company had revenue of $246.16 million during the quarter, compared to analyst estimates of $244.19 million. During the same period last year, the business earned ($5.11) earnings per share. The firm’s revenue was down 10.0% compared to the same quarter last year. Bumble has set its Q4 2025 guidance at EPS. Research analysts expect that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group decreased their price objective on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Monday. Evercore ISI dropped their target price on Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley raised their price objective on Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Wells Fargo & Company decreased their target price on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Finally, Susquehanna reduced their target price on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday. Twelve research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bumble has an average rating of “Reduce” and an average price target of $5.38.

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.