Bumble (NASDAQ:BMBL) Shares Down 5.9% - Time to Sell?

Bumble Inc. (NASDAQ:BMBL - Get Free Report)'s stock price fell 5.9% during trading on Friday . The stock traded as low as $5.58 and last traded at $5.64. 1,121,585 shares traded hands during trading, a decline of 64% from the average session volume of 3,124,178 shares. The stock had previously closed at $5.99.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BMBL shares. Piper Sandler dropped their target price on Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Citigroup reduced their target price on Bumble from $6.80 to $4.80 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company lowered their target price on shares of Bumble from $7.00 to $5.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of Bumble from $6.00 to $5.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI dropped their target price on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.58.

Bumble Stock Down 6.4%

The business's fifty day moving average price is $4.79 and its two-hundred day moving average price is $6.39. 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 firm has a market capitalization of $554.67 million, a P/E ratio of -1.10 and a beta of 1.76.

Bumble (NASDAQ:BMBL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $247.10 million during the quarter, compared to analyst estimates of $246.68 million. Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. Bumble's revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. Equities analysts expect that Bumble Inc. will post 4.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bumble

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

Bumble Company Profile

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.