Bumble’s (BMBL) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Bumble (NASDAQ:BMBLFree Report) in a report published on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a $5.00 target price on the stock.

BMBL has been the topic of a number of other reports. Zacks Research upgraded Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Morgan Stanley lifted their price target on Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $4.00 price objective on shares of Bumble in a research report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research note on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $4.34.

View Our Latest Analysis on Bumble

Bumble Trading Down 1.0%

Bumble stock opened at $3.77 on Thursday. The stock has a market cap of $425.03 million, a P/E ratio of -0.62, a PEG ratio of 0.13 and a beta of 1.96. Bumble has a fifty-two week low of $2.61 and a fifty-two week high of $8.64. The firm’s fifty day moving average price is $3.26 and its 200-day moving average price is $4.37. 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 (NASDAQ:BMBLGet Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.79. The company had revenue of $224.17 million for the quarter, compared to the consensus estimate of $221.45 million. Bumble had a positive return on equity of 22.13% and a negative net margin of 72.74%.The firm’s revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. Equities research analysts forecast that Bumble will post 4.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bumble

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wexford Capital LP purchased a new position in shares of Bumble in the 3rd quarter worth about $31,000. EFG International AG bought a new position in shares of Bumble during the 4th quarter valued at about $25,000. Oppenheimer & Co. Inc. purchased a new position in shares of Bumble during the 4th quarter valued at about $36,000. StoneX Group Inc. purchased a new position in shares of Bumble during the 4th quarter valued at about $36,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Bumble in the 4th quarter worth approximately $37,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

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Bumble Company Profile

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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.

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