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

Bumble Inc. (NASDAQ:BMBL) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.91.

BMBL has been the topic of several analyst reports. Susquehanna cut their price target on shares of Bumble from $17.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. Raymond James reaffirmed a “market perform” rating on shares of Bumble in a report on Thursday, April 4th. KeyCorp dropped their price target on Bumble from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. BTIG Research reduced their price objective on Bumble from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on Bumble from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th.

Insider Transactions at Bumble

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the business’s stock in a transaction that occurred on Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the completion of the transaction, the insider now owns 12,802 shares of the company’s stock, valued at $142,102.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 7.56% of the company’s stock.

Hedge Funds Weigh In On Bumble

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Bumble by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 10,208,851 shares of the company’s stock worth $150,478,000 after purchasing an additional 495,671 shares in the last quarter. Wellington Management Group LLP grew its stake in Bumble by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,303,961 shares of the company’s stock worth $123,895,000 after buying an additional 347,238 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bumble by 39.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,599,267 shares of the company’s stock worth $53,055,000 after buying an additional 1,013,374 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bumble by 12.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,589,176 shares of the company’s stock worth $52,904,000 after buying an additional 397,741 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Bumble by 15.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,906,564 shares of the company’s stock valued at $28,446,000 after buying an additional 258,288 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Performance

Shares of BMBL opened at $10.49 on Monday. The firm has a market capitalization of $1.36 billion, a P/E ratio of -349.67, a P/E/G ratio of 0.29 and a beta of 1.68. Bumble has a 52 week low of $9.94 and a 52 week high of $21.06. The stock has a 50 day moving average price of $11.14 and a two-hundred day moving average price of $13.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.31). The company had revenue of $273.64 million for the quarter, compared to the consensus estimate of $275.38 million. Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. Equities analysts forecast that Bumble will post 0.66 earnings per share for the current fiscal year.

Bumble Company Profile

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 apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.