Zimmer Partners LP bought a new stake in Bumble Inc. (NASDAQ:BMBL) during the first quarter, HoldingsChannel reports. The institutional investor bought 74,360 shares of the company’s stock, valued at approximately $4,639,000.
A number of other hedge funds also recently bought and sold shares of the stock. Blackstone Group Inc. purchased a new stake in Bumble in the 1st quarter valued at approximately $3,412,759,000. Accel Growth Fund V Associates L.L.C. acquired a new position in Bumble in the 1st quarter valued at $315,302,000. Massachusetts Financial Services Co. MA acquired a new position in Bumble in the 1st quarter valued at $218,713,000. Winslow Capital Management LLC acquired a new position in Bumble in the 1st quarter valued at $147,510,000. Finally, BlackRock Inc. acquired a new position in Bumble in the 1st quarter valued at $130,605,000.
In other Bumble news, Director Amy Griffin bought 117,500 shares of the business’s stock in a transaction on Wednesday, May 26th. The shares were purchased at an average price of $42.81 per share, with a total value of $5,030,175.00. Following the completion of the acquisition, the director now directly owns 1 shares of the company’s stock, valued at approximately $42.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ BMBL traded up $0.68 during trading hours on Thursday, reaching $49.70. The company’s stock had a trading volume of 8,265 shares, compared to its average volume of 1,406,939. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $48.89. Bumble Inc. has a 52 week low of $38.91 and a 52 week high of $84.80.
Bumble (NASDAQ:BMBL) last issued its earnings results on Tuesday, May 11th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $1.72. The business had revenue of $170.70 million during the quarter, compared to the consensus estimate of $164.74 million. Bumble’s quarterly revenue was up 43.4% compared to the same quarter last year. As a group, equities research analysts expect that Bumble Inc. will post -0.26 earnings per share 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 credit-based dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis.
Featured Article: What is a death cross?
Want to see what other hedge funds are holding BMBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bumble Inc. (NASDAQ:BMBL).
Receive News & Ratings for Bumble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bumble and related companies with MarketBeat.com's FREE daily email newsletter.