Stifel Nicolaus Cuts Bumble (NASDAQ:BMBL) Price Target to $6.00

Bumble (NASDAQ:BMBLFree Report) had its target price trimmed by Stifel Nicolaus from $7.00 to $6.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also weighed in on the stock. Susquehanna upped their price objective on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Morgan Stanley upped their target price on shares of Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Citigroup lowered their target price on shares of Bumble from $8.00 to $6.80 and set a “neutral” rating on the stock in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.05.

View Our Latest Stock Report on Bumble

Bumble Price Performance

Shares of NASDAQ BMBL opened at $5.21 on Wednesday. The firm’s 50-day moving average price is $7.86 and its 200-day moving average price is $7.40. Bumble has a 1-year low of $4.80 and a 1-year high of $13.36. The firm has a market capitalization of $564.06 million, a P/E ratio of -1.07 and a beta of 1.70. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BMBL. SG Americas Securities LLC bought a new position in shares of Bumble during the 3rd quarter valued at approximately $71,000. Creative Planning grew its position in shares of Bumble by 437.5% during the 3rd quarter. Creative Planning now owns 54,055 shares of the company’s stock valued at $345,000 after acquiring an additional 43,998 shares during the period. Capital Management Associates Inc bought a new position in Bumble in the 3rd quarter worth approximately $74,000. Westbourne Investment Advisors Inc. boosted its holdings in Bumble by 17.1% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 410,811 shares of the company’s stock worth $2,621,000 after buying an additional 59,970 shares during the period. Finally, QRG Capital Management Inc. bought a new position in Bumble in the 3rd quarter worth approximately $246,000. 94.85% of the stock is owned by institutional investors.

About Bumble

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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.

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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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