Bumble's (BMBL) "Neutral" Rating Reiterated at Susquehanna

Key Points

• Susquehanna has restated a neutral rating for Bumble (NASDAQ:BMBL) and raised its price target from $5.00 to $7.00, indicating a potential upside of 10.76% from current prices.
• Multiple analysts have provided varied ratings, with Royal Bank of Canada upgrading their target to $7.50 and Goldman Sachs increasing theirs to $9.00, while Stifel Nicolaus decreased theirs to $4.00.
• Bumble reported a net margin of -82.41% for the last quarter, despite exceeding earnings expectations with a reported EPS of $0.64.

Susquehanna restated their neutral rating on shares of Bumble (NASDAQ:BMBL - Free Report) in a report issued on Monday morning, MarketBeat reports. They currently have a $7.00 price objective on the stock, up from their prior price objective of $5.00.

A number of other research analysts have also weighed in on BMBL. Wells Fargo & Company reissued a "positive" rating on shares of Bumble in a report on Friday, June 27th. Stifel Nicolaus cut their price objective on Bumble from $6.00 to $4.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. UBS Group increased their price objective on Bumble from $6.00 to $7.50 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price objective on Bumble from $5.50 to $6.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $5.00 price objective on shares of Bumble in a report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.79.

Bumble Stock Up 9.7%

Bumble stock traded up $0.63 during midday trading on Monday, reaching $7.15. The company's stock had a trading volume of 3,829,490 shares, compared to its average volume of 3,793,493. The stock's 50-day simple moving average is $6.54 and its 200-day simple moving average is $5.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.30 and a quick ratio of 2.83. Bumble has a 52-week low of $3.55 and a 52-week high of $9.22. The stock has a market capitalization of $738.52 million, a P/E ratio of -1.46, a PEG ratio of 0.23 and a beta of 1.96.

Bumble (NASDAQ:BMBL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. Bumble had a positive return on equity of 10.35% and a negative net margin of 82.41%. The company had revenue of $248.23 million during the quarter, compared to analysts' expectations of $243.72 million. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect that Bumble will post 4.19 EPS for the current year.

Institutional Trading of Bumble

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in Bumble by 20.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after purchasing an additional 1,249 shares during the period. Pale Fire Capital SE acquired a new stake in Bumble in the first quarter valued at approximately $43,000. Spire Wealth Management acquired a new stake in shares of Bumble in the second quarter worth approximately $71,000. Vident Advisory LLC acquired a new stake in shares of Bumble in the first quarter worth approximately $48,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Bumble by 56.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company's stock worth $90,000 after acquiring an additional 4,000 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

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.