Bumble Inc. (NASDAQ:BMBL) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have received a consensus recommendation of “Reduce” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.8308.

Several equities research analysts have commented on BMBL shares. Royal Bank Of Canada lowered Bumble from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from $7.50 to $5.00 in a research note on Thursday, November 6th. Morgan Stanley decreased their target price on Bumble from $6.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Bumble in a report on Monday. Jefferies Financial Group reduced their price target on shares of Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Evercore ISI dropped 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, November 6th.

Bumble Stock Performance

Shares of BMBL stock opened at $3.52 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.55 and a current ratio of 3.55. The firm has a market capitalization of $396.84 million, a price-to-earnings ratio of 3.14, a price-to-earnings-growth ratio of 0.11 and a beta of 1.96. Bumble has a one year low of $3.18 and a one year high of $8.82. The company has a 50 day moving average price of $4.15 and a 200 day moving average price of $5.64.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings data 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). The company had revenue of $246.16 million for the quarter, compared to analysts’ expectations of $244.19 million. Bumble had a negative net margin of 19.82% and a positive return on equity of 10.85%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($5.11) earnings per share. Sell-side analysts anticipate that Bumble will post 4.19 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Bumble by 52.0% in the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after buying an additional 3,820,205 shares during the period. Dimensional Fund Advisors LP lifted its position in Bumble by 10.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock worth $29,735,000 after acquiring an additional 466,646 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new position in Bumble in the 2nd quarter worth approximately $30,127,000. Bank of America Corp DE grew its position in Bumble by 36.2% in the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock valued at $15,396,000 after acquiring an additional 671,907 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Bumble by 34.1% during the third quarter. Two Sigma Investments LP now owns 1,647,519 shares of the company’s stock valued at $10,033,000 after purchasing an additional 418,506 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

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.