Bumble Inc. (NASDAQ:BMBL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $9.62.

A number of equities research analysts recently weighed in on BMBL shares. Stifel Nicolaus cut Bumble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $13.00 to $6.50 in a report on Thursday, August 8th. Wolfe Research started coverage on Bumble in a report on Tuesday, July 16th. They issued an “outperform” rating and a $14.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Bumble from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Evercore ISI cut shares of Bumble from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $18.00 to $8.00 in a research note on Thursday, August 8th. Finally, Wells Fargo & Company cut their target price on shares of Bumble from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th.

Institutional Investors Weigh In On Bumble

A number of institutional investors have recently bought and sold shares of BMBL. Handelsbanken Fonder AB boosted its holdings in shares of Bumble by 24.2% in the 4th quarter. Handelsbanken Fonder AB now owns 15,400 shares of the company’s stock valued at $227,000 after purchasing an additional 3,000 shares during the last quarter. New York State Common Retirement Fund grew its position in Bumble by 5.6% during the fourth quarter. New York State Common Retirement Fund now owns 151,449 shares of the company’s stock valued at $2,232,000 after acquiring an additional 8,097 shares during the period. Spire Wealth Management increased its stake in Bumble by 362.7% during the fourth quarter. Spire Wealth Management now owns 51,176 shares of the company’s stock worth $705,000 after acquiring an additional 40,116 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Bumble by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 984,055 shares of the company’s stock worth $14,505,000 after purchasing an additional 28,209 shares during the period. Finally, NBC Securities Inc. lifted its stake in shares of Bumble by 27.5% in the 4th quarter. NBC Securities Inc. now owns 45,618 shares of the company’s stock valued at $672,000 after purchasing an additional 9,834 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Bumble Trading Down 2.7 %

Shares of BMBL stock opened at $6.78 on Friday. Bumble has a 1-year low of $4.80 and a 1-year high of $16.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.38 and a quick ratio of 2.38. The business’s fifty day moving average price is $7.95 and its 200 day moving average price is $9.95. The firm has a market capitalization of $855.63 million, a PE ratio of 39.88 and a beta of 1.66.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The business had revenue of $268.60 million during the quarter, compared to the consensus estimate of $273.04 million. Bumble had a net margin of 3.93% and a return on equity of 1.82%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. As a group, sell-side analysts forecast that Bumble will post 0.83 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.