Bumble (NASDAQ:BMBL) PT Raised to $38.00 at Cowen

Bumble (NASDAQ:BMBLGet Rating) had its price target raised by Cowen from $36.00 to $38.00 in a research note issued to investors on Thursday, The Fly reports. Cowen’s target price points to a potential upside of 115.54% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets upgraded Bumble from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Wednesday, March 9th. Susquehanna Bancshares cut their price objective on Bumble from $58.00 to $33.00 and set a “positive” rating on the stock in a report on Thursday, March 10th. Zacks Investment Research raised Bumble from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday. Raymond James reduced their price objective on Bumble from $29.00 to $25.00 in a research note on Thursday. Finally, Susquehanna lowered their target price on Bumble from $33.00 to $24.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $40.12.

NASDAQ:BMBL opened at $17.63 on Thursday. 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 has a market cap of $2.28 billion, a P/E ratio of 11.83 and a beta of 1.60. The business’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $31.30. Bumble has a twelve month low of $15.41 and a twelve month high of $61.05.

Bumble (NASDAQ:BMBLGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 earned ($0.17) earnings per share. On average, equities research analysts expect that Bumble will post 0.29 EPS for the current fiscal year.

In related news, Director Amy Griffin bought 35,200 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were bought at an average price of $28.37 per share, for a total transaction of $998,624.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of institutional investors and hedge funds have recently bought and sold shares of BMBL. Evolution Wealth Advisors LLC lifted its holdings in shares of Bumble by 120.8% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $34,000 after buying an additional 372 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Bumble by 405.4% during the third quarter. Geneos Wealth Management Inc. now owns 935 shares of the company’s stock valued at $47,000 after acquiring an additional 750 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Bumble during the 1st quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC lifted its stake in Bumble by 4,785.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,026 shares of the company’s stock worth $35,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC increased its position in Bumble by 84.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,082 shares of the company’s stock worth $37,000 after buying an additional 496 shares during the period. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

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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