Bumble (NASDAQ:BMBL) PT Lowered to $25.00 at Raymond James

Bumble (NASDAQ:BMBL – Get Rating) had its target price lowered by equities researchers at Raymond James from $29.00 to $25.00 in a research note issued to investors on Thursday, The Fly reports. Raymond James’ price objective points to a potential upside of 41.80% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. The Goldman Sachs Group cut their price objective on Bumble from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, March 9th. BMO Capital Markets raised 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. Piper Sandler decreased their target price on Bumble from $35.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 9th. Royal Bank of Canada cut their price target on Bumble from $55.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, March 9th. Finally, Cowen upped their target price on Bumble from $36.00 to $38.00 in a report on Wednesday, March 9th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $40.12.

Shares of NASDAQ BMBL opened at $17.63 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.71 and a current ratio of 2.71. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 11.83 and a beta of 1.60. The business’s 50-day simple moving average is $25.13 and its 200-day simple moving average is $31.30. Bumble has a 52 week low of $15.41 and a 52 week high of $61.05.

Bumble (NASDAQ:BMBL – Get Rating) last released its earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share (EPS) 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 company posted ($0.17) EPS. As a group, equities research analysts forecast that Bumble will post 0.29 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BMBL. JPMorgan Chase & Co. raised its position in Bumble by 35.1% in the first quarter. JPMorgan Chase & Co. now owns 13,492,883 shares of the company’s stock worth $391,024,000 after acquiring an additional 3,507,511 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Bumble in the 4th quarter worth $105,635,000. Accel Leaders Fund II Associates L.L.C. purchased a new position in shares of Bumble in the 4th quarter worth $57,019,000. Balyasny Asset Management LLC purchased a new position in shares of Bumble during the 3rd quarter worth about $44,742,000. Finally, Ghisallo Capital Management LLC boosted its stake in shares of Bumble by 323.9% during the 3rd quarter. Ghisallo Capital Management LLC now owns 875,000 shares of the company’s stock worth $43,733,000 after purchasing an additional 668,587 shares during the period. Institutional investors and hedge funds own 98.62% of the company’s stock.

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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