Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $5.21, but opened at $6.02. Bumble shares last traded at $6.09, with a volume of 3,556,583 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on BMBL. Royal Bank Of Canada reiterated an "outperform" rating and issued a $7.00 price objective (up previously from $5.00) on shares of Bumble in a report on Thursday. Stifel Nicolaus cut their price objective on Bumble from $6.00 to $4.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on Bumble from $6.00 to $5.50 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company cut their price target on Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group upped their price target on Bumble from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.71.
Read Our Latest Analysis on BMBL
Bumble Trading Down 0.2%
The stock has a market capitalization of $672.42 million, a price-to-earnings ratio of 11.44, a PEG ratio of 0.27 and a beta of 1.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.83 and a current ratio of 2.83. The business has a 50-day moving average of $5.20 and a 200-day moving average of $6.05.
Bumble (NASDAQ:BMBL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 54.06% and a positive return on equity of 5.81%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. As a group, research analysts forecast that Bumble Inc. will post 4.19 EPS for the current year.
Institutional Trading of Bumble
Hedge funds have recently added to or reduced their stakes in the stock. Pale Fire Capital SE acquired a new stake in Bumble during the 1st quarter worth approximately $43,000. Vident Advisory LLC acquired a new stake in Bumble during the 1st quarter worth approximately $48,000. Teacher Retirement System of Texas acquired a new stake in shares of Bumble in the 1st quarter valued at approximately $49,000. Tyche Wealth Partners LLC acquired a new stake in shares of Bumble in the 1st quarter valued at approximately $52,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of Bumble in the 1st quarter valued at approximately $54,000. 94.85% of the stock is owned by institutional investors and hedge funds.
Bumble Company Profile
(
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.
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