Bumble (NASDAQ:BMBL) Trading Down 2.8% - What's Next?

Bumble Inc. (NASDAQ:BMBL - Get Free Report) shares traded down 2.8% on Thursday . The stock traded as low as $6.48 and last traded at $6.45. 595,309 shares traded hands during trading, a decline of 82% from the average session volume of 3,276,141 shares. The stock had previously closed at $6.63.

Analyst Upgrades and Downgrades

BMBL has been the topic of a number of recent analyst reports. Susquehanna cut their price target on shares of Bumble from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Morgan Stanley dropped their target price on shares of Bumble from $6.00 to $5.50 and set an "equal weight" rating for the company in a report on Thursday, April 17th. UBS Group boosted their price target on Bumble from $5.00 to $6.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Citigroup increased their price objective on Bumble from $4.80 to $7.00 and gave the stock a "neutral" rating in a report on Friday, June 27th. Finally, Bank of America boosted their target price on Bumble from $5.25 to $5.50 and gave the company an "underperform" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.97.

Bumble Stock Down 1.4%

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 stock's 50-day moving average price is $5.43 and its two-hundred day moving average price is $5.99. The stock has a market capitalization of $675.10 million, a PE ratio of -1.36, a P/E/G ratio of 0.23 and a beta of 1.94.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $247.10 million for the quarter, compared to the consensus estimate of $246.68 million. Bumble had a positive return on equity of 5.81% and a negative net margin of 54.06%. During the same period in the previous year, the firm earned $0.19 EPS. The company's revenue was down 7.7% on a year-over-year basis. As a group, analysts expect that Bumble Inc. will post 4.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Bumble by 1.4% in the fourth quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock worth $1,262,000 after acquiring an additional 2,157 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Bumble by 11.2% in the 4th quarter. Principal Financial Group Inc. now owns 158,790 shares of the company's stock worth $1,293,000 after purchasing an additional 15,958 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Bumble in the 4th quarter worth about $189,000. QRG Capital Management Inc. grew its position in Bumble by 14.2% during the 4th quarter. QRG Capital Management Inc. now owns 44,126 shares of the company's stock valued at $359,000 after purchasing an additional 5,498 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in Bumble by 14.2% during the 4th quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock valued at $253,000 after purchasing an additional 3,853 shares during the last quarter. Institutional investors 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.

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