Bumble (NASDAQ:BMBL - Get Free Report) had its target price upped by research analysts at Royal Bank Of Canada from $7.00 to $7.50 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 18.67% from the stock's previous close.
A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus dropped their target price on Bumble from $6.00 to $4.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company reissued a "positive" rating on shares of Bumble in a report on Friday, June 27th. UBS Group increased their target price on Bumble from $6.00 to $7.50 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Bank of America increased their target price on Bumble from $5.25 to $5.50 and gave the stock an "underperform" rating in a report on Wednesday, July 2nd. Finally, 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, June 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Bumble has an average rating of "Hold" and a consensus target price of $6.64.
Get Our Latest Stock Analysis on Bumble
Bumble Stock Performance
Bumble stock traded down $0.11 during trading hours on Thursday, hitting $6.32. The stock had a trading volume of 3,873,583 shares, compared to its average volume of 3,491,417. The company has a 50-day moving average of $6.46 and a two-hundred day moving average of $5.85. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.75. The company has a market cap of $652.79 million, a PE ratio of -1.29, a price-to-earnings-growth ratio of 0.21 and a beta of 1.96. Bumble has a fifty-two week low of $3.55 and a fifty-two week high of $9.22.
Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.37 by $0.27. The firm had revenue of $248.23 million during the quarter, compared to analysts' expectations of $243.72 million. Bumble had a positive return on equity of 9.68% and a negative net margin of 82.41%. The company's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities research analysts anticipate that Bumble will post 4.19 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of BMBL. Two Sigma Investments LP bought a new position in shares of Bumble in the 4th quarter worth $476,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bumble by 26.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 231,876 shares of the company's stock worth $1,887,000 after purchasing an additional 48,207 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Bumble in the 4th quarter worth $2,042,000. Envestnet Asset Management Inc. boosted its position in shares of Bumble by 125.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 88,116 shares of the company's stock worth $717,000 after purchasing an additional 49,050 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Bumble in the 4th quarter worth $334,000. 94.85% of the stock is currently owned by institutional investors.
About Bumble
(
Get Free Report)
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.
Further Reading
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