Bumble Inc. (NASDAQ:BMBL) Given Average Rating of “Reduce” by Brokerages

Bumble Inc. (NASDAQ:BMBL) has been assigned a consensus rating of “Reduce” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.7714.

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $4.00 price target on shares of Bumble in a report on Tuesday, January 20th. Zacks Research lowered Bumble from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Wells Fargo & Company decreased their target price on Bumble from $7.00 to $5.50 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bumble in a research note on Monday, December 29th. Finally, Royal Bank Of Canada cut Bumble from a “moderate buy” rating to a “hold” rating and cut their price target for the stock from $7.50 to $5.00 in a report on Thursday, November 6th.

Bumble Stock Performance

NASDAQ:BMBL opened at $3.22 on Friday. 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 fifty-two week low of $3.01 and a fifty-two week high of $8.82. The company has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $5.08. The company has a market capitalization of $363.02 million, a PE ratio of 2.88, a P/E/G ratio of 0.11 and a beta of 1.95.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $246.16 million during the quarter, compared to the consensus estimate of $244.19 million. During the same period in the prior year, the company posted ($5.11) earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. Research analysts anticipate that Bumble will post 4.19 earnings per share for the current year.

Institutional Investors Weigh In On Bumble

A number of large investors have recently bought and sold shares of BMBL. Strs Ohio raised its holdings in shares of Bumble by 85.0% during the fourth quarter. Strs Ohio now owns 160,400 shares of the company’s stock valued at $573,000 after purchasing an additional 73,700 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Bumble in the 4th quarter valued at about $36,000. Krilogy Financial LLC acquired a new position in Bumble during the 4th quarter worth approximately $48,000. Pallas Capital Advisors LLC bought a new position in Bumble in the fourth quarter worth approximately $61,000. Finally, SG Americas Securities LLC boosted its holdings in Bumble by 135.1% in the fourth quarter. SG Americas Securities LLC now owns 216,968 shares of the company’s stock worth $775,000 after acquiring an additional 124,680 shares in the last quarter. 94.85% of the stock is currently 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.