Bumble (NASDAQ:BMBL) Reaches New 1-Year High – Should You Buy?

Bumble Inc. (NASDAQ:BMBL)’s share price reached a new 52-week high on Wednesday. The company traded as high as $6.00 and last traded at $5.9950, with a volume of 2,280,346 shares traded. The stock had previously closed at $5.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BMBL shares. Royal Bank Of Canada decreased their price target on shares of Bumble from $5.00 to $4.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Wells Fargo & Company cut their price objective on Bumble from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. UBS Group increased their target price on Bumble from $3.00 to $6.05 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Wall Street Zen lowered Bumble from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Bumble from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $4.12.

Bumble Price Performance

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $3.80 and its 200-day moving average price is $3.38. The company has a market capitalization of $791.82 million, a price-to-earnings ratio of -1.42 and a beta of 1.67.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). The firm had revenue of $207.09 million for the quarter, compared to analyst estimates of $209.61 million. Bumble had a positive return on equity of 35.88% and a negative net margin of 58.99%. Equities research analysts anticipate that Bumble Inc. will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Bumble

In other Bumble news, major shareholder – Nq L.L.C. Btoa sold 3,767,776 shares of Bumble stock in a transaction on Monday, September 28th. The shares were sold at an average price of $2.94, for a total value of $11,077,261.44. Following the sale, the insider directly owned 16,120 shares in the company, valued at approximately $47,392.80. The trade was a 99.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Buzz Holdings L.P. Bcp sold 3,767,776 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the transaction, the insider directly owned 16,120 shares in the company, valued at $47,392.80. This represents a 99.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,127,851 shares of company stock worth $83,447,304. Company insiders own 15.35% of the company’s stock.

Institutional Investors Weigh In On Bumble

Several large investors have recently made changes to their positions in BMBL. Headlands Technologies LLC raised its stake in Bumble by 10.1% in the second quarter. Headlands Technologies LLC now owns 51,703 shares of the company’s stock valued at $165,000 after purchasing an additional 4,746 shares in the last quarter. StoneX Group Inc. grew its position in Bumble by 39.5% during the third quarter. StoneX Group Inc. now owns 18,854 shares of the company’s stock valued at $51,000 after buying an additional 5,339 shares during the period. Abel Hall LLC increased its holdings in Bumble by 49.4% during the first quarter. Abel Hall LLC now owns 17,530 shares of the company’s stock valued at $57,000 after buying an additional 5,793 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Bumble by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 95,699 shares of the company’s stock worth $306,000 after buying an additional 6,455 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Bumble during the 1st quarter valued at about $34,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Company Profile

Bumble Inc is a technology company that operates online dating and social networking platforms. Its flagship Bumble app is designed to help people make romantic connections, while emphasizing user control and safety in the online dating experience.

The company also operates Badoo, a dating platform with an international user base, and offers services focused on friendship and social connections through Bumble-branded products. Its platforms provide features such as profile discovery, matching, messaging, and paid options intended to enhance users’ experiences.

Founded in 2014 by Whitney Wolfe Herd, Bumble has expanded from its initial focus on dating to a broader range of personal-connection services.