Bumble Inc. (NASDAQ:BMBL) Receives $14.72 Average PT from Brokerages

Bumble Inc. (NASDAQ:BMBL) has been given a consensus rating of “Hold” by the eighteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.91.

A number of research analysts have commented on BMBL shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bumble from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Bumble from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday. Bank of America cut shares of Bumble from a “buy” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $5.50 in a research report on Thursday. Wolfe Research began coverage on shares of Bumble in a research report on Tuesday, July 16th. They set an “outperform” rating and a $14.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on Bumble from $18.00 to $9.00 and set a “buy” rating for the company in a research note on Friday.

Insider Activity at Bumble

In other Bumble news, Director Ann Mather sold 7,492 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $11.41, for a total value of $85,483.72. Following the completion of the sale, the director now directly owns 29,030 shares in the company, valued at $331,232.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Bumble by 6.0% during the first quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company’s stock valued at $122,837,000 after purchasing an additional 613,759 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bumble by 39.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,267 shares of the company’s stock valued at $53,055,000 after buying an additional 1,013,374 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 valued at $52,904,000 after buying an additional 397,741 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Bumble by 9.0% in the 4th quarter. Granahan Investment Management LLC now owns 1,368,783 shares of the company’s stock worth $20,176,000 after buying an additional 113,277 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Bumble by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,185,850 shares of the company’s stock worth $17,479,000 after acquiring an additional 6,891 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.

Bumble Stock Performance

Shares of NASDAQ BMBL opened at $5.98 on Wednesday. The stock’s 50-day moving average is $9.66 and its 200 day moving average is $10.94. The stock has a market cap of $754.67 million, a price-to-earnings ratio of 35.18 and a beta of 1.70. Bumble has a 1-year low of $4.80 and a 1-year high of $17.31. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.46.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The business had revenue of $268.60 million for the quarter, compared to analysts’ expectations of $273.04 million. During the same period last year, the business earned $0.05 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Bumble will post 0.9 EPS for the current fiscal year.

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.