Bumble (BMBL) to Release Earnings on Wednesday

Bumble (NASDAQ:BMBL - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Bumble to post earnings of $0.07 per share for the quarter. Bumble has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to listen to the company's conference call can do so using this link.

Bumble (NASDAQ:BMBL - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. The business had revenue of $273.64 million for the quarter, compared to analyst estimates of $275.38 million. On average, analysts expect Bumble to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bumble Price Performance

Shares of NASDAQ:BMBL traded up $0.02 on Wednesday, reaching $10.12. 1,974,448 shares of the company traded hands, compared to its average volume of 2,851,447. The stock has a market capitalization of $1.31 billion, a PE ratio of -337.33, a P/E/G ratio of 0.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.01 and a quick ratio of 2.01. The company's 50 day moving average is $11.01 and its 200-day moving average is $12.99. Bumble has a fifty-two week low of $9.93 and a fifty-two week high of $21.06.

Insiders Place Their Bets

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company's stock in a transaction that occurred on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the completion of the transaction, the insider now directly owns 12,802 shares in the company, valued at $142,102.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.84% of the company's stock.

Analysts Set New Price Targets

BMBL has been the topic of a number of analyst reports. Piper Sandler reissued a "neutral" rating and issued a $13.00 price target (down previously from $14.00) on shares of Bumble in a research note on Wednesday, February 28th. Morgan Stanley initiated coverage on shares of Bumble in a research note on Thursday, April 18th. They issued an "equal weight" rating and a $13.00 price objective for the company. Raymond James reissued a "market perform" rating on shares of Bumble in a research note on Thursday, April 4th. JPMorgan Chase & Co. reduced their target price on Bumble from $20.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, February 28th. Finally, Susquehanna dropped their price target on Bumble from $17.00 to $14.00 and set a "positive" rating on the stock in a research report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Bumble presently has an average rating of "Moderate Buy" and a consensus target price of $16.91.

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.