Bumble (NASDAQ:BMBL - Get Free Report) had its price objective upped by analysts at Citigroup from $4.80 to $7.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 6.22% from the stock's current price.
A number of other brokerages have also weighed in on BMBL. The Goldman Sachs Group upped their target price on shares of Bumble from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $5.00 price objective on shares of Bumble in a report on Tuesday, June 3rd. Morgan Stanley cut their target price on Bumble from $6.00 to $5.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $7.00 price target (up from $5.00) on shares of Bumble in a research note on Thursday. Finally, Stifel Nicolaus lowered their price objective on shares of Bumble from $6.00 to $4.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Two investment 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 company currently has a consensus rating of "Hold" and an average target price of $6.97.
View Our Latest Analysis on Bumble
Bumble Trading Up 2.2%
Shares of BMBL stock traded up $0.14 on Friday, hitting $6.59. The stock had a trading volume of 2,449,514 shares, compared to its average volume of 3,202,460. The firm has a market cap of $680.68 million, a P/E ratio of -1.35, a PEG ratio of 0.25 and a beta of 1.89. Bumble has a twelve month low of $3.55 and a twelve month high of $10.66. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $5.29 and a two-hundred day moving average price of $5.99.
Bumble (NASDAQ:BMBL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business 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%. Bumble's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, analysts forecast that Bumble will post 4.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Bumble
Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in Bumble by 25.5% in the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock valued at $51,953,000 after buying an additional 1,298,630 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bumble by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company's stock valued at $32,279,000 after purchasing an additional 22,136 shares during the last quarter. RPD Fund Management LLC bought a new position in shares of Bumble during the fourth quarter worth approximately $30,940,000. Northern Trust Corp lifted its holdings in Bumble by 3.5% during the 4th quarter. Northern Trust Corp now owns 950,014 shares of the company's stock worth $7,733,000 after purchasing an additional 32,353 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Bumble by 429.5% in the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock valued at $6,287,000 after purchasing an additional 626,528 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.
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.
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