Bumble Inc. (NASDAQ:BMBL) Given Average Recommendation of "Hold" by Analysts

Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) have earned a consensus rating of "Hold" from the eighteen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.75.

• Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change?

A number of research firms have weighed in on BMBL. Piper Sandler decreased their price objective on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price objective on shares of Bumble from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Citigroup cut their price objective on Bumble from $6.80 to $4.80 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, Susquehanna dropped their price target on Bumble from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th.

View Our Latest Analysis on BMBL

Hedge Funds Weigh In On Bumble

• Bumble Stumbles Back Below $20...Should Investors Make a Move?

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Bumble by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock worth $841,000 after purchasing an additional 2,760 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Bumble during the fourth quarter worth approximately $56,000. SG Americas Securities LLC lifted its position in Bumble by 189.2% in the fourth quarter. SG Americas Securities LLC now owns 32,107 shares of the company's stock worth $261,000 after purchasing an additional 21,006 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Bumble during the 4th quarter valued at $214,000. Finally, Westbourne Investment Advisors Inc. lifted its holdings in shares of Bumble by 18.4% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 486,446 shares of the company's stock valued at $3,960,000 after buying an additional 75,635 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Stock Up 26.7 %

Shares of Bumble stock opened at $5.56 on Friday. Bumble has a twelve month low of $3.55 and a twelve month high of $12.49. The stock has a market cap of $586.84 million, a price-to-earnings ratio of -1.14 and a beta of 1.76. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $4.44 and a 200 day moving average price of $6.62.

• 3 Stocks That Went Public In 2021 May Be In Buy Range Soon

Bumble (NASDAQ:BMBL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $247.10 million for the quarter, compared to analyst estimates of $246.68 million. Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The business's revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts forecast that Bumble will post 4.19 earnings per share for the current fiscal year.

Bumble Company Profile

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.

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