Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Reduce” from Analysts

Bumble Inc. (NASDAQ:BMBL) has received a consensus recommendation of “Reduce” from the seventeen analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.40.

BMBL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bumble in a report on Monday, March 16th. JPMorgan Chase & Co. upgraded shares of Bumble from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 12th. BTIG Research reiterated a “neutral” rating on shares of Bumble in a research note on Monday, March 16th. Citigroup boosted their price objective on shares of Bumble from $3.80 to $3.90 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th.

Bumble Price Performance

Bumble stock opened at $3.11 on Tuesday. Bumble has a 1 year low of $2.61 and a 1 year high of $8.64. The firm has a 50 day moving average price of $3.66 and a 200 day moving average price of $3.55. The company has a market cap of $403.73 million, a price-to-earnings ratio of -0.53, a PEG ratio of 0.11 and a beta of 1.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22.

Bumble (NASDAQ:BMBL) last released its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Bumble had a negative net margin of 72.04% and a positive return on equity of 32.66%. The firm had revenue of $212.38 million during the quarter, compared to the consensus estimate of $211.59 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Bumble’s revenue was down 14.1% compared to the same quarter last year. Sell-side analysts predict that Bumble will post 0.99 earnings per share for the current year.

Insider Buying and Selling at Bumble

In other Bumble news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,504 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the sale, the insider directly owned 25,832 shares in the company, valued at $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder – Nq L.L.C. Btoa sold 7,477,504 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the sale, the insider owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This represents a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,910,016 shares of company stock valued at $104,984,156 in the last ninety days. Corporate insiders own 15.35% of the company’s stock.

Institutional Investors Weigh In On Bumble

Several institutional investors have recently bought and sold shares of BMBL. Vanguard Group Inc. boosted its stake in shares of Bumble by 52.0% in the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after purchasing an additional 3,820,205 shares during the period. Saba Capital Management L.P. boosted its stake in shares of Bumble by 52.6% in the fourth quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock valued at $19,055,000 after purchasing an additional 1,838,923 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Bumble by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock valued at $29,735,000 after purchasing an additional 466,646 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Bumble by 48.6% in the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after purchasing an additional 1,378,487 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Bumble by 36.2% in the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock valued at $15,396,000 after purchasing an additional 671,907 shares during the period. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

About Bumble

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.