The Goldman Sachs Group Issues Pessimistic Forecast for Bumble (NASDAQ:BMBL) Stock Price

Bumble (NASDAQ:BMBL) had its price target cut by stock analysts at The Goldman Sachs Group from $7.00 to $5.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 17.37% from the stock’s previous close.

BMBL has been the subject of a number of other reports. Evercore ISI cut their price objective on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday. Royal Bank Of Canada cut shares of Bumble from a “moderate buy” rating to a “hold” rating and lowered their target price for the stock from $7.50 to $5.00 in a research note on Thursday. Zacks Research raised shares of Bumble to a “hold” rating in a report on Friday, August 8th. Wells Fargo & Company reduced their price target 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. Finally, UBS Group raised their price target on Bumble from $6.00 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Bumble presently has an average rating of “Reduce” and an average price target of $5.79.

Bumble Stock Performance

Shares of Bumble stock traded up $0.02 during trading hours on Friday, reaching $4.26. The company had a trading volume of 3,683,125 shares, compared to its average volume of 3,240,246. The firm has a market cap of $443.08 million, a PE ratio of 3.80, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93. Bumble has a one year low of $3.55 and a one year high of $9.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.30 and a quick ratio of 3.30. The business has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $6.05.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data 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 10.42% and a negative net margin of 19.82%.The company had revenue of $246.16 million for the quarter, compared to analysts’ expectations of $244.19 million. During the same period last year, the company posted ($5.11) EPS. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. Bumble has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Bumble will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Buzz Holdings L.P. Bcp sold 16,689,884 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total value of $104,478,673.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 68,127,359 shares of company stock valued at $426,476,076. Insiders own 15.84% of the company’s stock.

Hedge Funds Weigh In On Bumble

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Bumble by 52.0% in the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after purchasing an additional 3,820,205 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new position in shares of Bumble in the second quarter worth $30,127,000. Bank of America Corp DE raised its holdings in Bumble by 11.2% during the 2nd quarter. Bank of America Corp DE now owns 1,856,221 shares of the company’s stock valued at $12,232,000 after buying an additional 187,299 shares during the last quarter. Federated Hermes Inc. boosted its position in Bumble by 0.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,181,110 shares of the company’s stock valued at $7,193,000 after buying an additional 8,055 shares during the period. Finally, Nordea Investment Management AB boosted its position in Bumble by 5.1% during the 3rd quarter. Nordea Investment Management AB now owns 1,160,668 shares of the company’s stock valued at $7,068,000 after buying an additional 56,574 shares during the period. 94.85% of the stock is currently owned by institutional investors.

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.