Bumble Inc. (NASDAQ:BMBL) Given Average Rating of “Reduce” by Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus recommendation of “Reduce” from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $4.20.

Several analysts have issued reports on the company. Wall Street Zen raised Bumble from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $5.00 price objective on shares of Bumble in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their price objective on Bumble from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Citigroup reduced their target price on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Finally, UBS Group raised their target price on shares of Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th.

Bumble Trading Down 6.2%

Shares of Bumble stock opened at $2.85 on Friday. Bumble has a 1-year low of $2.54 and a 1-year high of $7.37. The company’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $369.99 million, a PE ratio of -0.67, a P/E/G ratio of 0.10 and a beta of 1.87.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.09). Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.The company had revenue of $210.53 million during the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter last year, the company earned ($2.45) earnings per share. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. As a group, equities analysts anticipate that Bumble will post 1.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the sale, the insider directly owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 22,013 shares of Bumble stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director owned 117,853 shares in the company, valued at approximately $328,809.87. This trade represents a 15.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 29,954,026 shares of company stock valued at $113,182,633. Insiders own 15.35% of the company’s stock.

Institutional Investors Weigh In On Bumble

Institutional investors have recently bought and sold shares of the business. Cerity Partners LLC grew its holdings in Bumble by 16.7% during the 2nd quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after purchasing an additional 2,857 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in Bumble by 19.8% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock worth $92,000 after purchasing an additional 4,270 shares during the period. State of Wyoming lifted its stake in Bumble by 59.8% in the fourth quarter. State of Wyoming now owns 12,017 shares of the company’s stock worth $43,000 after purchasing an additional 4,499 shares during the last quarter. Wexford Capital LP bought a new stake in Bumble in the third quarter worth about $31,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Bumble by 21.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 30,724 shares of the company’s stock valued at $187,000 after buying an additional 5,444 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Key Headlines Impacting Bumble

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Bumble highlighted early success for Plans, a group-based app designed to facilitate in-person meetups, and said it is developing a “swipe-free” future for its core platform. The strategy could help attract Gen Z users who are becoming dissatisfied with traditional swipe-based dating. Bumble teases a swipe-free future as it doubles down on IRL meetups
• Positive Sentiment: On an adjusted basis, Bumble reportedly earned $0.45 per share in the second quarter, above the $0.25 consensus estimate, while revenue of $210.5 million was essentially in line with expectations. Bumble Inc. surpasses Q2 earnings and revenue estimates
• Neutral Sentiment: Management expects third-quarter revenue of $205 million to $213 million and an EBITDA margin of approximately 28% at the midpoint. Increased marketing investment may support user growth, but it is also likely to limit near-term profitability. Bumble expects Q3 revenue of $205 million to $213 million
• Negative Sentiment: Bumble’s third-quarter revenue outlook is below the roughly $214 million analyst consensus, reinforcing concerns about slowing demand and the company’s ability to reaccelerate growth.
• Negative Sentiment: Paying users declined, and second-quarter revenue fell 15.2% year over year. Reported GAAP EPS was a loss of $0.84, substantially below the $0.25 consensus estimate, despite the adjusted earnings beat. Bumble forecasts downbeat quarterly revenue as paying users drop
• Negative Sentiment: Goldman Sachs lowered its price target from $5.00 to $3.50 and maintained a neutral rating, signaling limited confidence in a rapid recovery. BMBL is trading close to its 12-month low and below both its 50-day and 200-day moving averages.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.