Bumble Inc. (NASDAQ:BMBL) Given Average Recommendation of “Hold” by Analysts

Bumble Inc. (NASDAQ:BMBL) has been assigned a consensus rating of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.71.

Several research firms have issued reports on BMBL. Susquehanna cut their price target on shares of Bumble from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. UBS Group raised their target price on Bumble from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Royal Bank of Canada cut their target price on Bumble from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group raised their target price on Bumble from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th.

Institutional Trading of Bumble

Several large investors have recently bought and sold shares of BMBL. SG Americas Securities LLC boosted its position in Bumble by 189.2% during the 4th quarter. SG Americas Securities LLC now owns 32,107 shares of the company’s stock valued at $261,000 after acquiring an additional 21,006 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Bumble during the fourth quarter valued at approximately $214,000. Westbourne Investment Advisors Inc. lifted its holdings in shares of Bumble by 18.4% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company’s stock valued at $3,960,000 after purchasing an additional 75,635 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Bumble during the fourth quarter valued at approximately $187,000. Finally, Rhumbline Advisers lifted its holdings in shares of Bumble by 1.4% during the fourth quarter. Rhumbline Advisers now owns 155,006 shares of the company’s stock valued at $1,262,000 after purchasing an additional 2,157 shares during the last quarter. 94.85% of the stock is owned by institutional investors.

Bumble Stock Performance

NASDAQ BMBL opened at $5.74 on Tuesday. The company has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $6.39. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. Bumble has a 12-month low of $3.55 and a 12-month high of $12.03. The firm has a market cap of $592.89 million, a price-to-earnings ratio of -1.17 and a beta of 1.76.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The business had revenue of $247.10 million for the quarter, compared to analysts’ expectations of $246.68 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts forecast that Bumble will post 4.19 EPS for the current 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 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.