Bumble Inc. (NASDAQ:BMBL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.68.

Several equities research analysts have recently commented on the company. KeyCorp reduced their target price on Bumble from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. JPMorgan Chase & Co. cut their target price on shares of Bumble from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Susquehanna decreased their target price on Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. Morgan Stanley initiated coverage on Bumble in a research report on Thursday, April 18th. They set an “equal weight” rating and a $13.00 price target on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $13.00 price objective (down from $14.00) on shares of Bumble in a research report on Wednesday, February 28th.

Bumble Stock Performance

NASDAQ:BMBL opened at $10.14 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $10.83 and a 200-day moving average of $12.91. Bumble has a twelve month low of $9.93 and a twelve month high of $21.06. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -338.00, a price-to-earnings-growth ratio of 0.28 and a beta of 1.67.

Bumble (NASDAQ:BMBL) last issued its earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The business had revenue of $273.64 million for the quarter, compared to the consensus estimate of $275.38 million. Analysts forecast that Bumble will post 0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the stock in a transaction dated Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the transaction, the insider now owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.84% of the company’s stock.

Institutional Trading of Bumble

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Bumble by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 10,208,851 shares of the company’s stock worth $150,478,000 after acquiring an additional 495,671 shares during the period. Wellington Management Group LLP increased its stake in shares of Bumble by 4.4% in the third quarter. Wellington Management Group LLP now owns 8,303,961 shares of the company’s stock worth $123,895,000 after purchasing an additional 347,238 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bumble by 39.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,267 shares of the company’s stock worth $53,055,000 after purchasing an additional 1,013,374 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Bumble by 12.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,589,176 shares of the company’s stock worth $52,904,000 after purchasing an additional 397,741 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Bumble by 15.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,906,564 shares of the company’s stock valued at $28,446,000 after purchasing an additional 258,288 shares during the period. 94.85% of the stock is owned by institutional investors.

About Bumble

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.