Bumble’s (BMBL) Hold Rating Reaffirmed at HSBC

HSBC reissued their hold rating on shares of Bumble (NASDAQ:BMBL) in a report issued on Friday, Marketbeat.com reports.

Several other research analysts also recently weighed in on BMBL. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Bumble from $11.00 to $7.00 and set a hold rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their price objective on shares of Bumble from $12.00 to $6.00 and set an equal weight rating for the company in a research report on Thursday, August 8th. Piper Sandler dropped their target price on Bumble from $13.00 to $7.00 and set a neutral rating on the stock in a research report on Thursday, August 8th. KeyCorp cut their price target on Bumble from $16.00 to $11.00 and set an overweight rating on the stock in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus lowered Bumble from a buy rating to a hold rating and lowered their price objective for the company from $13.00 to $6.50 in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bumble currently has an average rating of Hold and an average target price of $9.91.

Bumble Price Performance

Bumble stock opened at $5.75 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $725.01 million, a P/E ratio of 33.79 and a beta of 1.70. The firm has a fifty day moving average of $9.53 and a 200-day moving average of $10.88. Bumble has a 52-week low of $4.80 and a 52-week high of $17.31.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. Bumble had a return on equity of 0.92% and a net margin of 2.04%. The company had revenue of $268.60 million for the quarter, compared to analyst estimates of $273.04 million. During the same period last year, the company posted $0.05 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts predict that Bumble will post 0.9 EPS for the current year.

Insider Buying and Selling

In related news, Director Ann Mather sold 7,492 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $11.41, for a total transaction of $85,483.72. Following the completion of the transaction, the director now directly owns 29,030 shares in the company, valued at approximately $331,232.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.84% of the company’s stock.

Institutional Investors Weigh In On Bumble

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Bumble by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company’s stock valued at $122,837,000 after acquiring an additional 613,759 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 1,013,374 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Bumble by 12.5% in the fourth 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 period. Granahan Investment Management LLC grew its position in Bumble by 9.0% in the 4th quarter. Granahan Investment Management LLC now owns 1,368,783 shares of the company’s stock valued at $20,176,000 after buying an additional 113,277 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Bumble by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,185,850 shares of the company’s stock valued at $17,479,000 after buying an additional 6,891 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.