Bumble Inc. (NASDAQ:BMBL) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have given Bumble Inc. (NASDAQ:BMBL) an average recommendation of "Hold", with two sell ratings, ten holds, and three buy recommendations.
• Major shareholder Nq L.L.C. Btoa and another significant shareholder sold 16.7 million shares each at an average price of $6.26, totaling over $104 million in transactions.
• Bumble reported $0.64 earnings per share for the last quarter, exceeding estimates, despite a 7.6% decline in revenue year-over-year.

Bumble Inc. (NASDAQ:BMBL - Get Free Report) has received a consensus recommendation of "Hold" from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.6250.

A number of equities analysts have weighed in on BMBL shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $5.00 price objective on shares of Bumble in a research report on Tuesday, June 3rd. Bank of America upped their price objective on shares of Bumble from $5.25 to $5.50 and gave the company an "underperform" rating in a research report on Wednesday, July 2nd. Citigroup upped their price objective on shares of Bumble from $4.80 to $7.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Zacks Research raised shares of Bumble to a "hold" rating in a research report on Friday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Bumble from $5.50 to $6.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th.

Bumble Trading Up 0.2%

BMBL traded up $0.01 during trading on Friday, hitting $6.38. The company's stock had a trading volume of 2,837,459 shares, compared to its average volume of 3,363,718. The stock has a market cap of $663.58 million, a PE ratio of -1.30, a PEG ratio of 0.88 and a beta of 1.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.30 and a quick ratio of 3.30. The firm's 50 day moving average price is $6.59 and its 200-day moving average price is $5.77. Bumble has a twelve month low of $3.55 and a twelve month high of $9.22.

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

Insider Buying and Selling at Bumble

In other news, CEO Whitney Wolfe Herd sold 1,365,116 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $8,545,626.16. Following the transaction, the chief executive officer owned 1,598,258 shares of the company's stock, valued at approximately $10,005,095.08. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder - Nq L.L.C. Btoa sold 16,689,884 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,124,652 shares of company stock valued at $426,460,322. Corporate insiders own 15.84% of the company's stock.

Institutional Investors Weigh In On Bumble

Large investors have recently made changes to their positions in the company. Maple Rock Capital Partners Inc. acquired a new stake in shares of Bumble during the 2nd quarter valued at about $30,127,000. RPD Fund Management LLC acquired a new stake in Bumble in the 4th quarter valued at $30,940,000. Ameriprise Financial Inc. boosted its stake in Bumble by 25.5% in 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. Nordea Investment Management AB acquired a new stake in Bumble in the 2nd quarter valued at $7,337,000. Finally, Cubist Systematic Strategies LLC grew its stake in Bumble by 3,714.4% during the second quarter. Cubist Systematic Strategies LLC now owns 923,093 shares of the company's stock worth $6,083,000 after buying an additional 898,893 shares during the last quarter. Institutional investors and hedge funds 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.