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

Shares of Bumble Inc. (NASDAQ:BMBL) have received an average rating of “Reduce” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.3615.

Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $5.00 price target on shares of Bumble in a report on Thursday, March 12th. Zacks Research upgraded Bumble from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Wells Fargo & Company reduced their price objective on Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. UBS Group reiterated a “neutral” rating and set a $4.00 price objective on shares of Bumble in a research report on Friday, March 13th. Finally, Bank of America reduced their price objective on Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a research report on Thursday, March 12th.

Insider Transactions at Bumble

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder – Nq L.L.C. Btoa sold 7,477,504 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the transaction, the insider owned 25,832 shares in the company, valued at $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,910,016 shares of company stock valued at $104,984,156 over the last 90 days. Company insiders own 15.84% of the company’s stock.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently modified their holdings of BMBL. Wexford Capital LP bought a new position in Bumble during the 3rd quarter worth approximately $31,000. EFG International AG bought a new position in Bumble during the 4th quarter worth approximately $25,000. Oppenheimer & Co. Inc. bought a new position in Bumble during the 4th quarter worth approximately $36,000. StoneX Group Inc. bought a new position in Bumble during the 4th quarter worth approximately $36,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in Bumble during the 4th quarter worth approximately $37,000. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Performance

NASDAQ:BMBL opened at $4.15 on Friday. The business’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.77. Bumble has a twelve month low of $2.61 and a twelve month high of $8.64. The stock has a market cap of $538.75 million, a P/E ratio of -0.69, a PEG ratio of 0.15 and a beta of 1.86. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.86.

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.