Bumble (NASDAQ:BMBL) PT Lowered to $30.00

Bumble (NASDAQ:BMBLGet Rating) had its price objective decreased by equities researchers at Susquehanna Bancshares to $30.00 in a research report issued on Wednesday, Stock Target Advisor reports. Susquehanna Bancshares’ price target indicates a potential upside of 27.77% from the company’s current price.

A number of other equities research analysts have also recently weighed in on BMBL. JPMorgan Chase & Co. cut their price objective on shares of Bumble from $39.00 to $35.00 in a report on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Bumble from $27.00 to $22.00 in a report on Thursday, November 10th. Jefferies Financial Group started coverage on shares of Bumble in a report on Wednesday, October 26th. They set a “hold” rating and a $23.00 price target on the stock. Cowen cut their price target on shares of Bumble from $38.00 to $33.00 in a report on Thursday, November 10th. Finally, BTIG Research cut their price target on shares of Bumble from $38.00 to $25.00 in a report on Thursday, November 10th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.88.

Bumble Price Performance

Shares of BMBL opened at $23.48 on Wednesday. The stock has a market cap of $3.04 billion, a PE ratio of 146.88 and a beta of 1.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.97 and a current ratio of 1.97. Bumble has a fifty-two week low of $15.41 and a fifty-two week high of $39.33. The firm’s 50-day simple moving average is $23.40 and its two-hundred day simple moving average is $27.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BMBL. Daiwa Securities Group Inc. raised its position in Bumble by 38.9% in the first quarter. Daiwa Securities Group Inc. now owns 14,867 shares of the company’s stock worth $431,000 after acquiring an additional 4,167 shares during the period. Whittier Trust Co. bought a new position in Bumble in the first quarter worth approximately $29,000. Cannon Global Investment Management LLC bought a new position in Bumble in the first quarter worth approximately $365,000. Envestnet Asset Management Inc. raised its position in Bumble by 150.0% in the first quarter. Envestnet Asset Management Inc. now owns 41,470 shares of the company’s stock worth $1,202,000 after acquiring an additional 24,879 shares during the period. Finally, Advisor Group Holdings Inc. raised its position in Bumble by 2.6% in the first quarter. Advisor Group Holdings Inc. now owns 16,549 shares of the company’s stock worth $471,000 after acquiring an additional 425 shares during the period.

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.

See Also

Stock Target Advisor logo

Analyst Recommendations for Bumble (NASDAQ:BMBL)

Receive News & Ratings for Bumble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bumble and related companies with MarketBeat.com's FREE daily email newsletter.