Q3 2022 EPS Estimates for Bumble Inc. Reduced by Jefferies Financial Group (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBLGet Rating) – Stock analysts at Jefferies Financial Group decreased their Q3 2022 EPS estimates for shares of Bumble in a research report issued to clients and investors on Thursday, May 12th. Jefferies Financial Group analyst B. Thill now expects that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. Jefferies Financial Group also issued estimates for Bumble’s Q4 2022 earnings at $0.00 EPS.

Bumble (NASDAQ:BMBLGet Rating) last issued its earnings results on Wednesday, May 11th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Bumble had a net margin of 41.50% and a negative return on equity of 1.73%. During the same period in the prior year, the firm posted ($0.17) EPS.

Other equities analysts also recently issued research reports about the stock. Susquehanna cut their target price on shares of Bumble from $33.00 to $24.00 in a research note on Thursday. Piper Sandler lowered their price target on shares of Bumble from $35.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 9th. Loop Capital lowered their price target on shares of Bumble from $30.00 to $20.00 in a report on Wednesday, March 9th. Raymond James lowered their price target on shares of Bumble from $29.00 to $25.00 in a report on Thursday. Finally, BMO Capital Markets raised shares of Bumble from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a 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 MarketBeat.com, Bumble presently has a consensus rating of “Buy” and a consensus target price of $39.59.

Shares of BMBL stock opened at $22.36 on Friday. The company’s fifty day simple moving average is $25.09 and its 200-day simple moving average is $31.21. Bumble has a 52 week low of $15.41 and a 52 week high of $61.05. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.89 billion, a PE ratio of -319.38 and a beta of 1.60.

In related news, Director Amy Griffin acquired 35,200 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was bought at an average cost of $28.37 per share, with a total value of $998,624.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Bumble by 405.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 935 shares of the company’s stock valued at $47,000 after buying an additional 750 shares during the period. Evolution Wealth Advisors LLC boosted 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. Franklin Resources Inc. boosted its holdings in shares of Bumble by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,898,857 shares of the company’s stock valued at $94,904,000 after buying an additional 247,989 shares during the period. Goldman Sachs Group Inc. lifted its position in Bumble by 39.3% in the 3rd quarter. Goldman Sachs Group Inc. now owns 2,105,927 shares of the company’s stock valued at $105,254,000 after purchasing an additional 594,458 shares during the last quarter. Finally, Junto Capital Management LP bought a new stake in Bumble in the 3rd quarter valued at about $32,863,000. 98.62% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Bumble (NASDAQ:BMBL)

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