Bumble Inc. (NASDAQ:BMBL) Receives $4.33 Average Price Target from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have been given a consensus rating of “Reduce” by the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $4.3250.

A number of research firms have commented on BMBL. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.00 price objective on shares of Bumble in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bumble in a research note on Monday, March 16th. Wall Street Zen raised shares of Bumble from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. UBS Group upped their price target on shares of Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Bumble in a report on Thursday, June 25th.

Insider Activity at Bumble

In other news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the transaction, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have 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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EFG International AG acquired a new position in shares of Bumble in the fourth quarter valued at about $25,000. Wexford Capital LP bought a new position in Bumble during the third quarter worth about $31,000. HB Wealth Management LLC acquired a new stake in Bumble in the 1st quarter worth about $34,000. Oppenheimer & Co. Inc. acquired a new stake in Bumble in the 4th quarter worth about $36,000. Finally, StoneX Group Inc. bought a new stake in Bumble in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Stock Performance

BMBL opened at $3.03 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. Bumble has a 12-month low of $2.54 and a 12-month high of $8.64. The business has a 50 day moving average of $3.13 and a 200-day moving average of $3.35. The stock has a market cap of $393.34 million, a price-to-earnings ratio of -0.52, a PEG ratio of 0.10 and a beta of 1.86.

Bumble (NASDAQ:BMBL) last posted its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The business had revenue of $212.38 million for the quarter, compared to analyst estimates of $211.59 million. During the same period in the previous year, the firm earned $0.13 EPS. The firm’s revenue was down 14.1% compared to the same quarter last year. On average, equities research analysts expect that Bumble will post 1.03 earnings per share for the current year.

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.