Bumble Inc. (NASDAQ:BMBL) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) have earned a consensus rating of "Hold" from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.97.

Several equities research analysts have issued reports on BMBL shares. Citigroup raised their price target on Bumble from $4.80 to $7.00 and gave the company a "neutral" rating in a report on Friday. Susquehanna reduced their target price on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $7.00 price target (up previously from $5.00) on shares of Bumble in a research note on Thursday. UBS Group raised their price objective on shares of Bumble from $5.00 to $6.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus reduced their price objective on Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd.

Institutional Trading of Bumble

Institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in Bumble in the first quarter valued at about $488,000. Dynamic Technology Lab Private Ltd bought a new position in Bumble in the 1st quarter valued at about $117,000. PDT Partners LLC increased its holdings in Bumble by 242.6% in the 1st quarter. PDT Partners LLC now owns 743,743 shares of the company's stock valued at $3,228,000 after buying an additional 526,629 shares during the period. Royal Bank of Canada raised its position in shares of Bumble by 409.3% in the 1st quarter. Royal Bank of Canada now owns 325,121 shares of the company's stock valued at $1,410,000 after buying an additional 261,281 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Bumble during the 1st quarter worth approximately $48,000. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Down 0.9%

Bumble stock opened at $6.45 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.83 and a quick ratio of 2.83. The company's 50-day moving average is $5.29 and its 200-day moving average is $6.02. The firm has a market capitalization of $666.22 million, a PE ratio of -1.32, a P/E/G ratio of 0.25 and a beta of 1.90. Bumble has a fifty-two week low of $3.55 and a fifty-two week high of $10.66.

Bumble (NASDAQ:BMBL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). Bumble had a positive return on equity of 5.81% and a negative net margin of 54.06%. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $246.68 million. During the same period last year, the firm earned $0.19 EPS. Bumble's quarterly revenue was down 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Bumble will post 4.19 earnings per share for the current 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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