Verus Capital Partners LLC Purchases New Shares in Bumble Inc. $BMBL

Verus Capital Partners LLC purchased a new stake in Bumble Inc. (NASDAQ:BMBL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,250 shares of the company’s stock, valued at approximately $180,000.

Other hedge funds also recently bought and sold shares of the company. Pale Fire Capital SE purchased a new stake in shares of Bumble in the first quarter valued at approximately $43,000. Vident Advisory LLC purchased a new stake in Bumble in the 1st quarter worth $48,000. Teacher Retirement System of Texas acquired a new position in Bumble during the first quarter worth $49,000. Kestra Private Wealth Services LLC purchased a new position in Bumble during the first quarter valued at $54,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Bumble in the first quarter valued at about $62,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Wall Street Analyst Weigh In

BMBL has been the topic of several research reports. Morgan Stanley raised their target price on Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. UBS Group decreased their price target on shares of Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Research raised shares of Bumble to a “hold” rating in a research note on Friday, August 8th. The Goldman Sachs Group reduced their price objective on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Finally, Wells Fargo & Company reduced their price target on Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Twelve research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bumble currently has a consensus rating of “Reduce” and an average price target of $5.38.

Bumble Stock Performance

Shares of NASDAQ:BMBL traded down $0.01 during trading on Thursday, reaching $3.90. 146,293 shares of the company’s stock traded hands, compared to its average volume of 3,227,879. The stock has a market capitalization of $405.12 million, a P/E ratio of 3.48, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93. The company has a 50 day moving average of $5.86 and a 200-day moving average of $6.05. Bumble Inc. has a 12 month low of $3.55 and a 12 month high of $9.22. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.30.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share 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 for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($5.11) EPS. Bumble has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Bumble Inc. will post 4.19 EPS for the current year.

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.