Bumble (NASDAQ:BMBL) Price Target Raised to $3.90

Bumble (NASDAQ:BMBLFree Report) had its price target boosted by Citigroup from $3.80 to $3.90 in a research report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group cut their target price on shares of Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley lifted their price target on shares of Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $4.00 target price on shares of Bumble in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a research report on Thursday. Fourteen analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $4.34.

Read Our Latest Stock Analysis on Bumble

Bumble Price Performance

Shares of NASDAQ BMBL opened at $3.77 on Thursday. Bumble has a twelve month low of $2.61 and a twelve month high of $8.64. 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 has a fifty day simple moving average of $3.26 and a 200 day simple moving average of $4.37. The company has a market capitalization of $425.03 million, a PE ratio of -0.62, a P/E/G ratio of 0.13 and a beta of 1.96.

Bumble (NASDAQ:BMBLGet Free Report) last posted its quarterly 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 firm had revenue of $224.17 million for the quarter, compared to analysts’ expectations of $221.45 million. Bumble had a positive return on equity of 22.13% and a negative net margin of 72.74%.The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. On average, sell-side analysts forecast that Bumble will post 4.19 EPS for the current year.

Institutional Inflows and Outflows

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

Bumble News Summary

Here are the key news stories impacting Bumble this week:

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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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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