Bumble’s (BMBL) “Hold” Rating Reiterated at TD Cowen

TD Cowen reaffirmed their hold rating on shares of Bumble (NASDAQ:BMBLFree Report) in a research report released on Thursday morning,Benzinga reports. They currently have a $5.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Bank of America lowered their price target on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $4.00 price objective on shares of Bumble in a report on Tuesday, January 20th. Morgan Stanley upped their target price on Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup increased their target price on Bumble from $3.80 to $3.90 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group dropped their price target on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Fourteen investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $4.34.

Check Out Our Latest Stock Analysis on Bumble

Bumble Price Performance

NASDAQ: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 P/E/G ratio of 0.13 and a beta of 1.96. The firm’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $4.37. Bumble has a one year low of $2.61 and a one year high of $8.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55.

Bumble (NASDAQ:BMBLGet Free Report) last posted its earnings results 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 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 quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Equities analysts expect that Bumble will post 4.19 earnings per share for the current year.

Institutional Trading of Bumble

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

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About Bumble

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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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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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