Royal Bank Of Canada Reiterates “Sector Perform” Rating for Bumble (NASDAQ:BMBL)

Bumble (NASDAQ:BMBL)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a note issued to investors on Thursday,Benzinga reports. They currently have a $5.00 price target on the stock, down from their prior price target of $7.50. Royal Bank Of Canada’s target price would indicate a potential upside of 18.99% from the stock’s current price.

BMBL has been the topic of several other reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of Bumble in a report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bumble in a report on Tuesday, October 14th. Morgan Stanley boosted their target price on Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Zacks Research upgraded Bumble to a “hold” rating in a report on Friday, August 8th. Finally, UBS Group lifted their price objective on Bumble from $6.00 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $6.25.

Bumble Trading Down 22.5%

BMBL traded down $1.22 during midday trading on Thursday, reaching $4.20. 2,016,327 shares of the company were exchanged, compared to its average volume of 3,214,107. The stock has a market capitalization of $437.05 million, a P/E ratio of 3.70, a PEG ratio of 0.13 and a beta of 1.93. Bumble has a one year low of $3.55 and a one year high of $9.22. The stock’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $6.06. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.30 and a current ratio of 3.30.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bumble had a negative net margin of 82.41% and a positive return on equity of 10.35%. The firm had revenue of $246.16 million during the quarter, compared to analyst estimates of $244.19 million. During the same quarter in the prior year, the business earned ($5.11) earnings per share. The business’s revenue was down 10.0% on a year-over-year basis. Bumble has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Bumble will post 4.19 earnings per share for the current fiscal year.

Insider Transactions at Bumble

In other news, major shareholder – Nq L.L.C. Btoa sold 16,689,884 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of Bumble stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total value of $104,478,673.84. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 68,127,359 shares of company stock worth $426,476,076. 15.84% of the stock is owned by corporate insiders.

Institutional Trading of Bumble

Several large investors have recently modified their holdings of the company. Cerity Partners LLC increased its holdings in Bumble by 16.7% in the 2nd quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock worth $132,000 after acquiring an additional 2,857 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Bumble by 14.4% during the 3rd quarter. Arizona State Retirement System now owns 26,419 shares of the company’s stock worth $161,000 after acquiring an additional 3,317 shares during the last quarter. Quantbot Technologies LP increased its stake in Bumble by 4.1% in the 2nd quarter. Quantbot Technologies LP now owns 102,964 shares of the company’s stock worth $679,000 after buying an additional 4,093 shares during the period. Swiss National Bank raised its stake in shares of Bumble by 3.0% during the second quarter. Swiss National Bank now owns 151,200 shares of the company’s stock valued at $996,000 after acquiring an additional 4,400 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Bumble by 31.1% during the second quarter. New York State Common Retirement Fund now owns 25,631 shares of the company’s stock valued at $169,000 after buying an additional 6,077 shares during the period. Institutional investors own 94.85% of the company’s stock.

Bumble Company Profile

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.