Morgan Stanley Forecasts Strong Price Appreciation for Bumble (NASDAQ:BMBL) Stock

Bumble (NASDAQ:BMBLGet Free Report) had its price objective boosted by investment analysts at Morgan Stanley from $3.50 to $4.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 6.10% from the stock’s current price.

A number of other research analysts have also recently issued reports on BMBL. Zacks Research raised shares of Bumble from a “strong sell” rating to a “hold” rating in a report on Tuesday. Susquehanna reissued a “neutral” rating and issued a $3.50 target price on shares of Bumble in a research report on Thursday. Citigroup reduced their target price on Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Jefferies Financial Group lowered their price target on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $4.00 price target on shares of Bumble in a research note on Tuesday, January 20th. Fourteen research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Bumble has an average rating of “Reduce” and a consensus price target of $4.34.

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Bumble Stock Performance

BMBL opened at $3.77 on Thursday. The company has a market cap of $425.03 million, a P/E ratio of -0.62, a price-to-earnings-growth ratio of 0.13 and a beta of 1.96. 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 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 released its earnings results on Wednesday, March 11th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.79. The company had revenue of $224.17 million during the quarter, compared to analysts’ expectations of $221.45 million. Bumble had a negative net margin of 72.74% and a positive return on equity of 22.13%. Bumble’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS. As a group, equities analysts anticipate that Bumble will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

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

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Bumble Company Profile

(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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