Bumble (NASDAQ:BMBL) Given New $24.00 Price Target at Susquehanna

Bumble (NASDAQ:BMBLGet Rating) had its price target lowered by equities research analysts at Susquehanna from $33.00 to $24.00 in a note issued to investors on Thursday, The Fly reports. Susquehanna’s price objective would indicate a potential upside of 36.13% from the company’s current price.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Bumble in a research report on Friday, March 11th. They set a “hold” rating and a $28.00 price target for the company. The Goldman Sachs Group decreased their price target on Bumble from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, March 9th. Loop Capital decreased their price target on Bumble from $30.00 to $20.00 in a research report on Wednesday, March 9th. Susquehanna Bancshares decreased their price target on Bumble from $58.00 to $33.00 and set a “positive” rating for the company in a research report on Thursday, March 10th. Finally, Cowen raised their target price on Bumble from $36.00 to $38.00 in a research report on Wednesday, March 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $40.12.

BMBL stock opened at $17.63 on Thursday. Bumble has a twelve month low of $15.41 and a twelve month high of $61.05. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $25.13 and its 200-day moving average is $31.30. The firm has a market capitalization of $2.28 billion, a PE ratio of 11.83 and a beta of 1.60.

Bumble (NASDAQ:BMBLGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Bumble had a negative return on equity of 1.73% and a net margin of 41.50%. During the same period last year, the firm earned ($0.17) EPS. On average, equities research analysts anticipate that Bumble will post 0.29 earnings per share for the current fiscal year.

In other Bumble news, Director Amy Griffin acquired 35,200 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The stock was bought at an average price of $28.37 per share, with a total value of $998,624.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have recently modified their holdings of BMBL. Oppenheimer Asset Management Inc. bought a new stake in shares of Bumble in the 1st quarter valued at about $430,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Bumble in the 1st quarter valued at about $491,000. Equitable Trust Co. bought a new stake in shares of Bumble in the 1st quarter valued at about $262,000. Ashfield Capital Partners LLC bought a new stake in shares of Bumble in the 1st quarter valued at about $421,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Bumble by 8.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,780,678 shares of the company’s stock valued at $109,563,000 after acquiring an additional 308,158 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.

About Bumble (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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