Bumble Inc. (NASDAQ:BMBL) Receives $6.97 Average PT from Brokerages

Bumble Inc. (NASDAQ:BMBL - Get Free Report) has been given an average recommendation of "Hold" by the nineteen brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.97.

BMBL has been the subject of several analyst reports. UBS Group upped their price objective on Bumble from $5.00 to $6.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Morgan Stanley reduced their price target on Bumble from $6.00 to $5.50 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their price objective on Bumble from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on Bumble from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Citigroup raised their target price on shares of Bumble from $4.80 to $7.00 and gave the stock a "neutral" rating in a research note on Friday.

Bumble Stock Performance

Shares of BMBL stock traded up $0.22 during trading hours on Friday, reaching $6.81. The company had a trading volume of 3,610,088 shares, compared to its average volume of 3,208,819. The business has a fifty day moving average price of $5.38 and a 200-day moving average price of $5.98. Bumble has a one year low of $3.55 and a one year high of $10.05. The firm has a market cap of $703.40 million, a PE ratio of -1.39, a price-to-earnings-growth ratio of 0.25 and a beta of 1.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.83 and a current ratio of 2.83.

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

Institutional Trading of Bumble

Several hedge funds have recently bought and sold shares of the stock. RPD Fund Management LLC bought a new stake in shares of Bumble in the fourth quarter worth about $30,940,000. Ameriprise Financial Inc. grew its holdings in Bumble by 25.5% during the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock valued at $51,953,000 after buying an additional 1,298,630 shares in the last quarter. Federated Hermes Inc. purchased a new position in Bumble during the 1st quarter valued at approximately $3,231,000. RBF Capital LLC bought a new stake in Bumble in the 4th quarter worth approximately $5,157,000. Finally, First Trust Advisors LP raised its holdings in shares of Bumble by 429.5% during the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock worth $6,287,000 after acquiring an additional 626,528 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

About Bumble

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.