Bumble Inc. (NASDAQ:BMBL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.20.

A number of research firms recently weighed in on BMBL. JPMorgan Chase & Co. dropped their price target on shares of Bumble from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, September 13th. Loop Capital raised shares of Bumble from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday, September 29th. They noted that the move was a valuation call. Royal Bank of Canada cut their price target on Bumble from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. HSBC initiated coverage on shares of Bumble in a research report on Tuesday, September 26th. They issued a “buy” rating and a $20.30 price objective on the stock. Finally, Bank of America restated a “neutral” rating and issued a $17.00 price target on shares of Bumble in a research note on Thursday, October 19th.

Hedge Funds Weigh In On Bumble

Several institutional investors and hedge funds have recently modified their holdings of BMBL. BlackRock Inc. boosted its holdings in Bumble by 10.1% in the 2nd quarter. BlackRock Inc. now owns 10,030,155 shares of the company’s stock valued at $168,306,000 after purchasing an additional 923,644 shares during the period. Wellington Management Group LLP raised its position in shares of Bumble by 14.1% in the first quarter. Wellington Management Group LLP now owns 9,196,831 shares of the company’s stock valued at $179,798,000 after buying an additional 1,134,818 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bumble by 1.3% in the third quarter. Vanguard Group Inc. now owns 7,816,601 shares of the company’s stock valued at $167,979,000 after buying an additional 102,126 shares during the period. Marshall Wace LLP grew its position in Bumble by 33.8% during the second quarter. Marshall Wace LLP now owns 3,799,438 shares of the company’s stock worth $63,755,000 after buying an additional 960,852 shares in the last quarter. Finally, State Street Corp increased its stake in Bumble by 14.8% during the 2nd quarter. State Street Corp now owns 2,475,301 shares of the company’s stock worth $41,536,000 after acquiring an additional 319,783 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Stock Performance

Shares of NASDAQ:BMBL opened at $13.67 on Monday. The business has a fifty day moving average of $14.70 and a 200-day moving average of $16.43. The firm has a market cap of $1.87 billion, a PE ratio of -20.40 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.82 and a current ratio of 2.82. Bumble has a twelve month low of $12.38 and a twelve month high of $27.92.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $259.70 million for the quarter, compared to the consensus estimate of $256.63 million. Bumble had a positive return on equity of 1.82% and a negative net margin of 8.94%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, equities research analysts predict that Bumble will post 0.23 EPS for the current fiscal year.

About Bumble

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.