Bumble (NASDAQ:BMBL) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Bumble (NASDAQ:BMBL) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on BMBL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bumble in a report on Monday, December 29th. Citigroup lowered their target price on shares of Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a research note on Monday, December 22nd. The Goldman Sachs Group cut their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Jefferies Financial Group reduced their price target on Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Finally, Evercore ISI lowered their price objective on Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $4.83.

Bumble Price Performance

Shares of NASDAQ:BMBL opened at $3.60 on Monday. Bumble has a one year low of $3.18 and a one year high of $8.82. The stock has a market cap of $405.86 million, a PE ratio of 3.21, a price-to-earnings-growth ratio of 0.12 and a beta of 1.95. The business’s fifty day moving average price is $3.85 and its two-hundred day moving average price is $5.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.55 and a current ratio of 3.55.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $246.16 million for the quarter, compared to analyst estimates 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 revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the business earned ($5.11) EPS. On average, 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 made changes to their positions in the business. Maple Rock Capital Partners Inc. acquired a new position in shares of Bumble during the second quarter worth about $30,127,000. Vanguard Group Inc. raised its holdings in shares of Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after buying an additional 3,820,205 shares during the period. Nordea Investment Management AB acquired a new position in Bumble during the 2nd quarter worth approximately $7,337,000. Tudor Investment Corp ET AL purchased a new position in Bumble in the 3rd quarter worth approximately $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 worth $6,083,000 after acquiring 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.