Bumble (NASDAQ:BMBL) Price Target Cut to $5.00 by Analysts at UBS Group

Bumble (NASDAQ:BMBL) had its price objective decreased by UBS Group from $6.50 to $5.00 in a report issued on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the company. The Goldman Sachs Group reduced their target price on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank Of Canada downgraded shares of Bumble from a “moderate buy” rating to a “hold” rating and cut their price objective for the company from $7.50 to $5.00 in a report on Thursday, November 6th. Susquehanna lowered their target price on shares of Bumble from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday. Evercore ISI dropped their target price on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday. Finally, Morgan Stanley upped their price target on shares of Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.38.

Bumble Trading Down 3.5%

NASDAQ BMBL opened at $4.11 on Monday. Bumble has a 52 week low of $3.55 and a 52 week high of $9.22. The company has a 50 day moving average price of $5.95 and a 200 day moving average price of $6.07. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 1.00. The firm has a market cap of $427.49 million, a PE ratio of 3.67, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $246.16 million during the quarter, compared to analysts’ expectations of $244.19 million. During the same period in the prior year, the firm posted ($5.11) earnings per share. Bumble’s revenue for the quarter was down 10.0% compared to the same quarter last year. Bumble has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Bumble will post 4.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Buzz Holdings L.P. Bcp sold 16,689,884 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,127,359 shares of company stock worth $426,476,076 in the last quarter. 15.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bumble

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new position in shares of Bumble in the 1st quarter valued at about $49,000. Principal Financial Group Inc. raised its position in Bumble by 7.6% during the first quarter. Principal Financial Group Inc. now owns 170,822 shares of the company’s stock valued at $741,000 after acquiring an additional 12,032 shares in the last quarter. Cerity Partners LLC lifted its holdings in Bumble by 40.0% in the first quarter. Cerity Partners LLC now owns 17,105 shares of the company’s stock valued at $74,000 after acquiring an additional 4,885 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in Bumble in the 1st quarter worth approximately $54,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Bumble in the 1st quarter worth approximately $74,000. 94.85% of the stock is owned by institutional investors and hedge funds.

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.