Bumble (NASDAQ:BMBL) Stock Rating Upgraded by JPMorgan Chase & Co.

Bumble (NASDAQ:BMBLGet Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Several other brokerages have also commented on BMBL. Morgan Stanley increased their price objective on Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a report on Thursday. Wells Fargo & Company reduced their target price on Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bumble in a research note on Monday, December 29th. Zacks Research raised Bumble from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group dropped their price target on Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Fourteen analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.34.

View Our Latest Analysis on BMBL

Bumble Stock Down 1.0%

Shares of Bumble stock opened at $3.77 on Thursday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. The company 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. The firm’s 50 day moving average price is $3.26 and its 200-day moving average price is $4.39. Bumble has a 52-week low of $2.61 and a 52-week high of $8.64.

Bumble (NASDAQ:BMBLGet Free Report) last posted its earnings results on Wednesday, March 11th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.79. Bumble had a negative net margin of 72.74% and a positive return on equity of 22.13%. The company had revenue of $224.17 million during the quarter, compared to analysts’ expectations of $221.45 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Bumble’s revenue for the quarter was down 14.3% compared to the same quarter last year. On average, sell-side analysts predict that Bumble will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EFG International AG purchased a new stake in Bumble during the 4th quarter valued at about $25,000. Wexford Capital LP purchased a new position in shares of Bumble in the third quarter worth about $31,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Bumble during the fourth quarter worth about $36,000. StoneX Group Inc. acquired a new stake in shares of Bumble during the fourth quarter worth about $36,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Bumble in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Key Stories Impacting Bumble

Here are the key news stories impacting Bumble this week:

About Bumble

(Get Free Report)

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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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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