Brokerages Set Bumble Inc. (NASDAQ:BMBL) Price Target at $4.60

Shares of Bumble Inc. (NASDAQ:BMBL) have been given an average rating of “Reduce” by the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.60.

A number of analysts recently issued reports on the company. Citigroup reduced their price objective on Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Jefferies Financial Group dropped their target price on Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research note on Monday, December 29th. UBS Group lowered their price target on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $4.00 price objective on shares of Bumble in a report on Tuesday, January 20th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC bought a new position in shares of Bumble during the 4th quarter valued at $468,000. Alpine Global Management LLC bought a new stake in Bumble in the fourth quarter worth $183,000. Aristides Capital LLC acquired a new position in Bumble during the fourth quarter worth $214,000. Invesco Ltd. increased its position in Bumble by 27.3% during the fourth quarter. Invesco Ltd. now owns 427,787 shares of the company’s stock worth $1,527,000 after buying an additional 91,658 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Bumble by 33.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,877 shares of the company’s stock valued at $146,000 after buying an additional 10,153 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Trading Down 3.3%

Bumble stock opened at $2.96 on Thursday. Bumble has a 12 month low of $2.61 and a 12 month high of $8.64. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. The stock has a market cap of $333.71 million, a P/E ratio of 2.64, a P/E/G ratio of 0.11 and a beta of 1.96. The company’s fifty day simple moving average is $3.28 and its 200-day simple moving average is $4.45.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.