Bumble Inc. (NASDAQ:BMBL) Given Average Rating of "Reduce" by Brokerages

Key Points

• Bumble Inc. has received a consensus rating of "Reduce" from analysts, with three sell ratings, ten hold ratings, and two buy ratings, alongside an average price target of $6.4583.
• The company's recent earnings report showed $0.64 earnings per share, beating estimates, but revenue declined by 7.6% year-over-year.
• Insiders have sold a significant amount of stock recently, totaling $426.46 million in shares, contributing to concerns about the company's future performance.

Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) have been given a consensus rating of "Reduce" by the fifteen analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.4583.

BMBL has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Bumble in a report on Saturday, September 27th. Morgan Stanley increased their target price on Bumble from $5.50 to $6.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. UBS Group upped their price target on shares of Bumble from $6.00 to $7.50 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company reiterated a "positive" rating on shares of Bumble in a report on Friday, June 27th. Finally, Zacks Research raised shares of Bumble to a "hold" rating in a research report on Friday, August 8th.

Bumble Price Performance

Shares of Bumble stock opened at $5.86 on Monday. The stock has a market cap of $609.50 million, a price-to-earnings ratio of -1.20, a price-to-earnings-growth ratio of 0.82 and a beta of 1.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a 50 day moving average price of $6.68 and a 200-day moving average price of $5.84. Bumble has a one year low of $3.55 and a one year high of $9.22.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $248.23 million for the quarter, compared to analyst estimates of $243.72 million. Bumble had a negative net margin of 82.41% and a positive return on equity of 10.35%. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. Equities analysts expect that Bumble will post 4.19 EPS for the current year.

Insider Buying and Selling

In other Bumble news, major shareholder Buzz Holdings L.P. Bcp sold 16,689,884 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of Bumble stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total value of $104,478,673.84. The disclosure for this sale can be found here. Insiders have sold 68,124,652 shares of company stock valued at $426,460,322 over the last 90 days. 15.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in shares of Bumble in the 4th quarter valued at about $476,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bumble by 26.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 231,876 shares of the company's stock valued at $1,887,000 after purchasing an additional 48,207 shares in the last quarter. Ieq Capital LLC purchased a new position in Bumble during the first quarter valued at approximately $113,000. XTX Topco Ltd bought a new position in Bumble in the first quarter worth approximately $306,000. Finally, Principal Financial Group Inc. lifted its holdings in Bumble by 7.6% during the first quarter. Principal Financial Group Inc. now owns 170,822 shares of the company's stock worth $741,000 after buying an additional 12,032 shares during the period. Hedge funds and other institutional investors own 94.85% of the company's stock.

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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