Susquehanna Lowers Bumble (NASDAQ:BMBL) Price Target to $4.50

Bumble (NASDAQ:BMBL) had its target price dropped by research analysts at Susquehanna from $7.00 to $4.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s target price suggests a potential upside of 12.50% from the stock’s current price.

Several other brokerages also recently issued reports on BMBL. Weiss Ratings restated a “sell (d-)” rating on shares of Bumble in a research report on Tuesday, October 14th. UBS Group boosted their target price on shares of Bumble from $6.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Evercore ISI lowered their price target on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, November 6th. Zacks Research raised shares of Bumble to a “hold” rating in a research note on Friday, August 8th. Finally, Morgan Stanley lifted their target price on shares of Bumble from $5.50 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $5.38.

Bumble Stock Down 2.7%

Shares of NASDAQ BMBL opened at $4.00 on Monday. The firm’s 50-day moving average is $5.91 and its two-hundred day moving average is $6.06. The company has a market capitalization of $416.04 million, a PE ratio of 3.57, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93. Bumble has a 12-month low of $3.55 and a 12-month high of $9.22. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.30.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The company had revenue of $246.16 million for the quarter, compared to analyst estimates of $244.19 million. During the same quarter in the prior year, the firm earned ($5.11) earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. Bumble has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Bumble will post 4.19 EPS for the current fiscal year.

Institutional Trading of Bumble

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pale Fire Capital SE purchased a new position in Bumble in the first quarter valued at approximately $43,000. Global Retirement Partners LLC increased its position in shares of Bumble by 1,760.8% in the third quarter. Global Retirement Partners LLC now owns 10,588 shares of the company’s stock worth $64,000 after acquiring an additional 10,019 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Bumble in the 3rd quarter valued at $65,000. Spire Wealth Management acquired a new position in shares of Bumble during the 2nd quarter valued at $71,000. Finally, Castleview Partners LLC purchased a new stake in Bumble during the 3rd quarter worth $65,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.