Bumble (NASDAQ:BMBL - Get Free Report) had its price target cut by research analysts at Morgan Stanley from $6.00 to $5.50 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 24.15% from the stock's current price.
BMBL has been the subject of a number of other reports. The Goldman Sachs Group lowered their price objective on Bumble from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Evercore ISI lowered their price target on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their target price on shares of Bumble from $8.00 to $6.80 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Piper Sandler decreased their price target on Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.09.
Get Our Latest Stock Report on Bumble
Bumble Stock Up 3.0 %
Shares of Bumble stock traded up $0.13 during trading hours on Thursday, reaching $4.43. 2,452,171 shares of the company were exchanged, compared to its average volume of 3,120,234. Bumble has a 1 year low of $3.55 and a 1 year high of $12.49. The firm has a market cap of $467.57 million, a PE ratio of -0.91 and a beta of 1.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The stock's fifty day moving average is $4.90 and its 200 day moving average is $6.83.
Institutional Investors Weigh In On Bumble
Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in Bumble by 20.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after acquiring an additional 1,249 shares during the period. Franklin Resources Inc. raised its stake in shares of Bumble by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock worth $521,000 after purchasing an additional 1,666 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Bumble by 1.4% during the fourth quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock worth $1,262,000 after purchasing an additional 2,157 shares during the period. JPMorgan Chase & Co. grew its position in Bumble by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock valued at $841,000 after buying an additional 2,760 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in Bumble by 14.2% in the 4th quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock valued at $253,000 after buying an additional 3,853 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.
Bumble Company Profile
(
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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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