Bumble (NASDAQ:BMBL) Price Target Lowered to $3.80 at Citigroup

Bumble (NASDAQ:BMBL) had its price objective lowered by Citigroup from $5.50 to $3.80 in a research note published on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada downgraded shares of Bumble from a “moderate buy” rating to a “hold” rating and decreased their price target for the stock from $7.50 to $5.00 in a research note on Thursday, November 6th. Susquehanna decreased their price objective on shares of Bumble from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Morgan Stanley lowered their target price on shares of Bumble from $6.00 to $3.50 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. The Goldman Sachs Group cut their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, UBS Group decreased their price target on Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Thirteen research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Bumble has an average rating of “Reduce” and an average target price of $4.83.

Bumble Trading Up 2.3%

BMBL opened at $3.54 on Monday. The business has a fifty day moving average price of $4.29 and a 200 day moving average price of $5.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55. Bumble has a 12 month low of $3.18 and a 12 month high of $8.82. The stock has a market capitalization of $399.10 million, a price-to-earnings ratio of 3.16, a PEG ratio of 0.10 and a beta of 1.96.

Bumble (NASDAQ:BMBL) last announced 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 negative net margin of 19.82% and a positive return on equity of 10.85%. The company had revenue of $246.16 million during the quarter, compared to analysts’ expectations of $244.19 million. During the same quarter in the previous year, the business posted ($5.11) EPS. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. Sell-side analysts expect that Bumble will post 4.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bumble

Several large investors have recently bought and sold shares of the stock. Maple Rock Capital Partners Inc. acquired a new stake in shares of Bumble during the second quarter worth about $30,127,000. Vanguard Group Inc. grew its stake in Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after buying an additional 3,820,205 shares during the last quarter. Nordea Investment Management AB acquired a new position in Bumble during the second quarter worth approximately $7,337,000. Tudor Investment Corp ET AL purchased a new stake in Bumble in the third quarter valued at approximately $6,013,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Bumble by 3,714.4% in the second quarter. Cubist Systematic Strategies LLC now owns 923,093 shares of the company’s stock valued at $6,083,000 after acquiring an additional 898,893 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.