Bumble Inc. (NASDAQ:BMBL) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Bumble Inc. (NASDAQ:BMBL - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.91.

Several equities analysts recently commented on BMBL shares. BTIG Research dropped their price objective on Bumble from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of Bumble from $20.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, February 28th. Susquehanna lowered their target price on shares of Bumble from $17.00 to $14.00 and set a "positive" rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada restated an "outperform" rating and set a $16.00 target price on shares of Bumble in a research report on Wednesday, February 28th. Finally, Piper Sandler reissued a "neutral" rating and set a $13.00 price objective (down previously from $14.00) on shares of Bumble in a report on Wednesday, February 28th.

Bumble Stock Down 1.2 %

NASDAQ:BMBL traded down $0.13 on Monday, hitting $10.36. The stock had a trading volume of 1,655,520 shares, compared to its average volume of 2,862,725. Bumble has a 1 year low of $9.94 and a 1 year high of $21.06. The firm's fifty day simple moving average is $11.07 and its two-hundred day simple moving average is $13.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $1.34 billion, a P/E ratio of -345.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The business had revenue of $273.64 million during the quarter, compared to analysts' expectations of $275.38 million. Analysts predict that Bumble will post 0.66 earnings per share for the current year.

Insider Activity at Bumble

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of Bumble stock in a transaction that occurred on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total value of $27,853,407.60. Following the transaction, the insider now directly owns 12,802 shares of the company's stock, valued at approximately $142,102.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.84% of the stock is owned by insiders.

Hedge Funds Weigh In On Bumble

Several hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC raised its position in Bumble by 98.6% during the 4th quarter. Headlands Technologies LLC now owns 2,200 shares of the company's stock valued at $32,000 after purchasing an additional 1,092 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Bumble by 2.7% during the fourth quarter. Clearbridge Investments LLC now owns 51,649 shares of the company's stock valued at $761,000 after acquiring an additional 1,369 shares in the last quarter. Rhumbline Advisers lifted its stake in Bumble by 1.0% in the third quarter. Rhumbline Advisers now owns 166,569 shares of the company's stock worth $2,485,000 after acquiring an additional 1,580 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Bumble by 73.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company's stock valued at $77,000 after acquiring an additional 2,210 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in Bumble by 11.0% in the fourth quarter. 180 Wealth Advisors LLC now owns 22,776 shares of the company's stock valued at $330,000 after acquiring an additional 2,253 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

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.