Bumble Inc. (NASDAQ:BMBL) Receives $3.87 Average Price Target from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have been given a consensus rating of “Reduce” by the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $3.8667.

BMBL has been the topic of several recent research reports. Raymond James Financial restated a “market perform” rating on shares of Bumble in a research report on Thursday, June 25th. Wall Street Zen cut Bumble from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Wells Fargo & Company decreased their price objective on Bumble from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Bumble in a report on Tuesday, August 4th. Finally, Susquehanna cut their target price on Bumble from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Friday, August 7th.

Insider Activity

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 22,013 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director directly owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. This represents a 15.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 29,954,026 shares of company stock valued at $113,182,633. 15.35% of the stock is currently owned by insiders.

Institutional Trading of Bumble

Several institutional investors and hedge funds have recently bought and sold shares of the company. EFG International AG bought a new position in shares of Bumble in the fourth quarter worth $25,000. Wexford Capital LP bought a new stake in Bumble during the third quarter valued at $31,000. HB Wealth Management LLC purchased a new position in Bumble during the first quarter worth about $34,000. Oppenheimer & Co. Inc. purchased a new position in Bumble during the fourth quarter worth about $36,000. Finally, StoneX Group Inc. bought a new position in Bumble in the 4th quarter worth about $36,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Bumble Price Performance

BMBL opened at $2.74 on Thursday. The company has a market capitalization of $361.60 million, a price-to-earnings ratio of -0.65, a PEG ratio of 0.15 and a beta of 1.87. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $2.92 and a 200-day moving average price of $3.19. Bumble has a twelve month low of $2.54 and a twelve month high of $7.32.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.09). The business had revenue of $210.53 million during the quarter, compared to the consensus estimate of $210.46 million. Bumble had a negative net margin of 58.99% and a positive return on equity of 35.88%. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period last year, the firm earned ($2.45) EPS. Equities analysts expect that Bumble will post 0.62 EPS for the current year.

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.