Bumble (BMBL) to Release Earnings on Wednesday

Bumble (NASDAQ:BMBLGet Rating) will be posting its quarterly earnings results after the market closes on Wednesday, May 11th. Analysts expect Bumble to post earnings of $0.01 per share for the quarter. Bumble has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Bumble (NASDAQ:BMBLGet Rating) last announced its quarterly earnings data on Tuesday, March 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Bumble had a net margin of 41.50% and a negative return on equity of 1.73%. The business had revenue of $208.22 million for the quarter, compared to analyst estimates of $209.18 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. On average, analysts expect Bumble to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ BMBL opened at $24.50 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.25. Bumble has a 12 month low of $15.41 and a 12 month high of $61.05. The company has a 50 day simple moving average of $25.41 and a two-hundred day simple moving average of $32.40. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 16.44 and a beta of 1.59.

In other news, Director Amy Griffin acquired 35,200 shares of Bumble stock in a transaction that occurred on Thursday, March 17th. The stock was purchased at an average cost of $28.37 per share, with a total value of $998,624.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Bumble by 9.4% in the 4th quarter. BlackRock Inc. now owns 2,133,188 shares of the company’s stock valued at $72,230,000 after purchasing an additional 183,496 shares during the last quarter. Geode Capital Management LLC raised its stake in Bumble by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 727,881 shares of the company’s stock valued at $24,646,000 after purchasing an additional 63,915 shares during the last quarter. State Street Corp increased its stake in shares of Bumble by 28.2% in the 4th quarter. State Street Corp now owns 407,040 shares of the company’s stock worth $13,782,000 after acquiring an additional 89,493 shares during the last quarter. Norges Bank acquired a new stake in shares of Bumble in the 4th quarter worth $5,978,000. Finally, Morgan Stanley increased its stake in shares of Bumble by 2.1% in the 2nd quarter. Morgan Stanley now owns 102,173 shares of the company’s stock worth $5,885,000 after acquiring an additional 2,119 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. BMO Capital Markets upgraded shares of Bumble from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Wednesday, March 9th. Raymond James decreased their price objective on shares of Bumble from $48.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, March 9th. Cowen boosted their target price on shares of Bumble from $36.00 to $38.00 in a research note on Wednesday, March 9th. Zacks Investment Research upgraded shares of Bumble from a “sell” rating to a “hold” rating in a research note on Monday, January 31st. Finally, Royal Bank of Canada decreased their target price on shares of Bumble from $55.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, March 9th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Bumble has an average rating of “Buy” and a consensus target price of $42.38.

Bumble Company Profile (Get Rating)

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.

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Earnings History for Bumble (NASDAQ:BMBL)

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