Bumble Inc. (NASDAQ:BMBL) Stock Has Average Price Target of $4.12 According to Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus rating of “Reduce” from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.12.

Several equities analysts recently issued reports on BMBL shares. Wells Fargo & Company cut their price target on shares of Bumble from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Friday, August 7th. Royal Bank Of Canada decreased their price objective on shares of Bumble from $5.00 to $4.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings raised shares of Bumble from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, October 12th. Wall Street Zen downgraded Bumble from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, UBS Group increased their price target on Bumble from $3.00 to $6.05 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th.

Insiders Place Their Bets

In other news, major shareholder Holdings Gp Man Blackstone III sold 3,767,776 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the sale, the insider owned 16,120 shares in the company, valued at approximately $47,392.80. This represents a 99.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the completion of the transaction, the insider directly owned 16,120 shares of the company’s stock, valued at approximately $47,392.80. This represents a 99.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,127,851 shares of company stock worth $83,447,304 in the last three months. Company insiders own 15.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC lifted its holdings in shares of Bumble by 10.1% in the second quarter. Headlands Technologies LLC now owns 51,703 shares of the company’s stock valued at $165,000 after purchasing an additional 4,746 shares in the last quarter. Abel Hall LLC grew its holdings in shares of Bumble by 49.4% during the first quarter. Abel Hall LLC now owns 17,530 shares of the company’s stock worth $57,000 after buying an additional 5,793 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Bumble by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 95,699 shares of the company’s stock valued at $306,000 after buying an additional 6,455 shares during the last quarter. Krilogy Financial LLC raised its position in Bumble by 78.0% in the 1st quarter. Krilogy Financial LLC now owns 22,088 shares of the company’s stock valued at $72,000 after buying an additional 9,678 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in Bumble in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Trading Down 0.2%

BMBL stock opened at $5.94 on Friday. Bumble has a 1-year low of $2.44 and a 1-year high of $5.98. The firm has a market cap of $783.90 million, a P/E ratio of -1.40 and a beta of 1.88. The business’s 50 day moving average is $3.29 and its 200-day moving average is $3.26. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.65.

Bumble (NASDAQ:BMBL) last posted 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 35.88% and a negative net margin of 58.99%. The company had revenue of $210.53 million for the quarter, compared to the consensus estimate of $210.46 million. During the same quarter last year, the business earned ($2.45) EPS. Bumble’s quarterly revenue was down 15.2% compared to the same quarter last year. Equities analysts anticipate that Bumble will post -0.08 earnings per share for the current fiscal year.

Bumble Company Profile

Bumble Inc is a technology company that operates online dating and social networking platforms. Its flagship Bumble app is designed to help people make romantic connections, while emphasizing user control and safety in the online dating experience.

The company also operates Badoo, a dating platform with an international user base, and offers services focused on friendship and social connections through Bumble-branded products. Its platforms provide features such as profile discovery, matching, messaging, and paid options intended to enhance users’ experiences.

Founded in 2014 by Whitney Wolfe Herd, Bumble has expanded from its initial focus on dating to a broader range of personal-connection services.