Bumble (NASDAQ:BMBL) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Bumble (NASDAQ:BMBL) from a buy rating to a hold rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Bumble from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, August 6th. Royal Bank Of Canada dropped their target price on shares of Bumble from $5.00 to $4.00 and set a “sector perform” rating on the stock in a report on Friday. Weiss Ratings restated a “sell (e+)” rating on shares of Bumble in a research report on Tuesday, August 4th. Susquehanna decreased their price target on shares of Bumble from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Bumble from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $3.99.

Bumble Trading Down 3.5%

Shares of NASDAQ BMBL opened at $2.73 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.26. Bumble has a 52-week low of $2.54 and a 52-week high of $7.37. The stock has a market capitalization of $354.41 million, a P/E ratio of -0.65, a PEG ratio of 0.09 and a beta of 1.87.

Bumble (NASDAQ:BMBL) last issued its earnings results on Wednesday, August 5th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.09). Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.The firm had revenue of $210.53 million during the quarter, compared to analyst estimates of $210.46 million. During the same quarter in the previous year, the business posted ($2.45) EPS. Bumble’s revenue was down 15.2% compared to the same quarter last year. On average, analysts anticipate that Bumble will post 1.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ann Mather sold 22,013 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total value of $61,416.27. Following the sale, the director owned 117,853 shares of the company’s stock, valued at $328,809.87. This trade represents a 15.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of Bumble stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This represents a 99.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,954,026 shares of company stock valued at $113,182,633 in the last three months. 15.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bumble

Several large investors have recently made changes to their positions in the company. Cerity Partners LLC increased its holdings in shares of Bumble by 16.7% in the second quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after buying an additional 2,857 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Bumble by 19.8% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock worth $92,000 after acquiring an additional 4,270 shares in the last quarter. State of Wyoming boosted its stake in shares of Bumble by 59.8% during the 4th quarter. State of Wyoming now owns 12,017 shares of the company’s stock worth $43,000 after acquiring an additional 4,499 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Bumble in the 3rd quarter worth $31,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Bumble by 21.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,724 shares of the company’s stock worth $187,000 after acquiring an additional 5,444 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.