Bumble Inc. (NASDAQ:BMBL) Receives $4.83 Average Price Target from Analysts

Bumble Inc. (NASDAQ:BMBL) has been assigned a consensus recommendation of “Reduce” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating and twelve have issued a hold rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $4.7714.

BMBL has been the subject of a number of analyst reports. Evercore ISI reduced their target price on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday, November 6th. UBS Group cut their price target on shares of Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bumble in a report on Monday, December 29th. Zacks Research downgraded shares of Bumble from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $4.00 price target on shares of Bumble in a research report on Tuesday.

Bumble Price Performance

BMBL opened at $3.52 on Wednesday. The stock has a market cap of $396.84 million, a price-to-earnings ratio of 3.14, a PEG ratio of 0.13 and a beta of 1.95. Bumble has a 1 year low of $3.18 and a 1 year high of $8.82. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average price of $3.57 and a 200 day moving average price of $5.38.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $246.16 million for the quarter, compared to analysts’ expectations of $244.19 million. Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period last year, the business earned ($5.11) earnings per share. Analysts forecast that Bumble will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maple Rock Capital Partners Inc. bought a new stake in Bumble during the 2nd quarter valued at approximately $30,127,000. Vanguard Group Inc. increased its position in Bumble by 52.0% during the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after acquiring an additional 3,820,205 shares during the period. Nordea Investment Management AB acquired a new position in Bumble during the 2nd quarter valued at $7,337,000. Tudor Investment Corp ET AL acquired a new position in Bumble during the 3rd quarter valued at $6,013,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Bumble by 3,714.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 923,093 shares of the company’s stock valued at $6,083,000 after purchasing an additional 898,893 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.