Bumble Inc. (NASDAQ:BMBL) Short Interest Down 6.6% in January

Bumble Inc. (NASDAQ:BMBL) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 8,810,000 shares, a decrease of 6.6% from the December 31st total of 9,430,000 shares. Approximately 12.0% of the company’s shares are sold short. Based on an average daily volume of 2,310,000 shares, the short-interest ratio is presently 3.8 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on BMBL shares. Wolfe Research cut shares of Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Citigroup upped their target price on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Susquehanna lifted their target price on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Bumble currently has a consensus rating of “Hold” and an average price target of $8.50.

Bumble Trading Down 1.0 %

Shares of Bumble stock traded down $0.08 during trading hours on Monday, reaching $8.03. 1,262,649 shares of the company’s stock were exchanged, compared to its average volume of 2,047,626. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $868.69 million, a price-to-earnings ratio of -1.64 and a beta of 1.70. The company has a fifty day moving average of $8.10 and a 200-day moving average of $7.50. Bumble has a 52-week low of $4.80 and a 52-week high of $14.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in Bumble during the 4th quarter valued at approximately $56,000. SG Americas Securities LLC bought a new stake in Bumble in the third quarter valued at $71,000. Capital Management Associates Inc acquired a new position in shares of Bumble during the third quarter worth approximately $74,000. D.A. Davidson & CO. acquired a new position in shares of Bumble during the third quarter valued at $77,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Bumble in the 3rd quarter worth approximately $90,000. 94.85% of the stock is owned by institutional investors and hedge funds.

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.