Bumble (NASDAQ:BMBL) Price Target Cut to $5.00 by Analysts at The Goldman Sachs Group

Bumble (NASDAQ:BMBL) had its price objective lowered by The Goldman Sachs Group from $7.00 to $5.00 in a research note issued to investors on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other brokerages have also commented on BMBL. Zacks Research upgraded shares of Bumble to a “hold” rating in a report on Friday, August 8th. Evercore ISI dropped their target price on Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday. Susquehanna reissued a “neutral” rating and issued a $7.00 price target (up previously from $5.00) on shares of Bumble in a report on Monday, August 11th. Wells Fargo & Company dropped their price objective on Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Morgan Stanley upped their target price on Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Bumble currently has an average rating of “Reduce” and an average price target of $5.79.

Bumble Stock Up 0.5%

Bumble stock traded up $0.02 during midday trading on Friday, hitting $4.26. 3,683,136 shares of the company were exchanged, compared to its average volume of 2,379,026. The company has a market cap of $443.09 million, a PE ratio of 3.80, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93. Bumble has a fifty-two week low of $3.55 and a fifty-two week high of $9.22. The company’s fifty day moving average price is $5.99 and its 200-day moving average price is $6.04. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.30 and a quick ratio of 3.30.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bumble had a negative net margin of 19.82% and a positive return on equity of 10.42%. The firm had revenue of $246.16 million during the quarter, compared to analyst estimates of $244.19 million. During the same period last year, the business earned ($5.11) EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. Bumble has set its Q4 2025 guidance at EPS. On average, research analysts predict that Bumble will post 4.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Whitney Wolfe Herd sold 1,365,116 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $8,545,626.16. Following the completion of the transaction, the chief executive officer directly owned 1,598,258 shares in the company, valued at $10,005,095.08. This represents a 46.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 68,127,359 shares of company stock worth $426,476,076. Corporate insiders own 15.84% of the company’s stock.

Institutional Investors Weigh In On Bumble

Hedge funds have recently added to or reduced their stakes in the stock. Pale Fire Capital SE bought a new position in shares of Bumble during the first quarter worth about $43,000. Vident Advisory LLC acquired a new stake in Bumble in the 1st quarter valued at approximately $48,000. Teacher Retirement System of Texas acquired a new stake in Bumble in the 1st quarter valued at approximately $49,000. Kestra Private Wealth Services LLC acquired a new position in Bumble during the 1st quarter worth $54,000. Finally, HB Wealth Management LLC bought a new position in shares of Bumble in the first quarter worth $62,000. 94.85% of the stock is currently owned by institutional investors.

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.