Deutsche Bank Aktiengesellschaft Lowers Bumble (NASDAQ:BMBL) Price Target to $13.00

Bumble (NASDAQ:BMBL - Get Free Report) had its price objective cut by research analysts at Deutsche Bank Aktiengesellschaft from $15.00 to $13.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 13.54% from the stock's previous close.

A number of other research analysts have also recently commented on BMBL. Susquehanna reduced their price target on shares of Bumble from $17.00 to $14.00 and set a "positive" rating on the stock in a research report on Thursday, February 29th. BTIG Research dropped their price objective on Bumble from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. The Goldman Sachs Group dropped their price target on Bumble from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday. KeyCorp lowered their price objective on Bumble from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $16.00 price objective on shares of Bumble in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.05.

Bumble Price Performance

Shares of BMBL traded up $1.18 during midday trading on Thursday, hitting $11.45. 10,379,605 shares of the company traded hands, compared to its average volume of 2,992,945. 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 stock has a 50-day moving average of $10.71 and a 200-day moving average of $12.85. The firm has a market cap of $1.48 billion, a P/E ratio of -364.67, a PEG ratio of 0.28 and a beta of 1.67. Bumble has a one year low of $9.83 and a one year high of $21.06.

Bumble (NASDAQ:BMBL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. The company had revenue of $267.80 million for the quarter, compared to analysts' expectations of $265.41 million. Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. Bumble's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. As a group, sell-side analysts predict that Bumble will post 0.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the firm's stock in a transaction dated 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 $142,102.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.84% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Headlands Technologies LLC increased its position in shares of 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 increased its position in shares of Bumble by 2.7% during the 4th quarter. Clearbridge Investments LLC now owns 51,649 shares of the company's stock valued at $761,000 after purchasing an additional 1,369 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Bumble by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 18,192 shares of the company's stock valued at $206,000 after purchasing an additional 1,430 shares during the last quarter. Rhumbline Advisers increased its position in shares of Bumble by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 166,569 shares of the company's stock valued at $2,485,000 after purchasing an additional 1,580 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Bumble by 73.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company's stock valued at $77,000 after purchasing an additional 2,210 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other 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.