Bumble Inc. (NASDAQ:BMBL - Get Free Report) has received a consensus recommendation of "Reduce" from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.60.
BMBL has been the topic of several research reports. Royal Bank Of Canada lowered Bumble from a "moderate buy" rating to a "hold" rating and lowered their price target for the company from $7.50 to $5.00 in a research note on Thursday, November 6th. UBS Group lowered their price objective on Bumble from $6.50 to $5.00 and set a "neutral" rating on the stock in a research report on Monday, November 10th. Citigroup cut their target price on Bumble from $5.50 to $3.80 and set a "neutral" rating for the company in a research note on Monday, December 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Bumble in a report on Monday, December 29th. Finally, Jefferies Financial Group dropped their price objective on shares of Bumble from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, December 11th.
Read Our Latest Stock Report on BMBL
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC bought a new stake in shares of Bumble in the 4th quarter valued at approximately $183,000. Aristides Capital LLC bought a new position in shares of Bumble during the 4th quarter worth approximately $214,000. Invesco Ltd. boosted its stake in Bumble by 27.3% in the 4th quarter. Invesco Ltd. now owns 427,787 shares of the company's stock valued at $1,527,000 after buying an additional 91,658 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Bumble in the fourth quarter valued at $468,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in Bumble by 33.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,877 shares of the company's stock worth $146,000 after acquiring an additional 10,153 shares in the last quarter. Institutional investors own 94.85% of the company's stock.
Bumble Stock Performance
NASDAQ BMBL opened at $3.02 on Thursday. The company's fifty day moving average is $3.31 and its two-hundred day moving average is $4.53. Bumble has a 52-week low of $2.61 and a 52-week high of $8.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55. The firm has a market capitalization of $340.47 million, a price-to-earnings ratio of 2.70, a P/E/G ratio of 0.10 and a beta of 1.96.
About Bumble
(
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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