Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Reduce” from Analysts

Bumble Inc. (NASDAQ:BMBL) has received a consensus recommendation of “Reduce” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.8308.

Several analysts recently issued reports on the company. The Goldman Sachs Group reduced their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Royal Bank Of Canada cut shares of Bumble from a “moderate buy” rating to a “hold” rating and reduced their target price for the company from $7.50 to $5.00 in a research report on Thursday, November 6th. Wells Fargo & Company lowered their price target on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Evercore ISI cut their price objective 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. Finally, UBS Group lowered their target price on shares of Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Monday, November 10th.

Bumble Stock Up 2.0%

Shares of BMBL opened at $3.62 on Wednesday. The firm has a market cap of $408.12 million, a P/E ratio of 3.23, a price-to-earnings-growth ratio of 0.12 and a beta of 1.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.55 and a current ratio of 3.55. Bumble has a 52 week low of $3.18 and a 52 week high of $8.82. The firm’s 50-day simple moving average is $3.66 and its 200 day simple moving average is $5.49.

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 analysts’ consensus estimates 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 firm had revenue of $246.16 million for the quarter, compared to the consensus estimate of $244.19 million. During the same quarter in the prior year, the firm earned ($5.11) EPS. The company’s revenue was down 10.0% on a year-over-year basis. On average, analysts forecast that Bumble will post 4.19 earnings per share for the current year.

Hedge Funds Weigh In On Bumble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in Bumble by 409.3% during the first quarter. Royal Bank of Canada now owns 325,121 shares of the company’s stock worth $1,410,000 after purchasing an additional 261,281 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Bumble during the 1st quarter worth approximately $117,000. Strs Ohio acquired a new stake in shares of Bumble during the 1st quarter worth approximately $488,000. Pallas Capital Advisors LLC bought a new position in Bumble in the second quarter valued at approximately $79,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Bumble in the second quarter valued at approximately $217,000. 94.85% of the stock is owned by institutional investors and hedge funds.

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.