Susquehanna Issues Pessimistic Forecast for Bumble (NASDAQ:BMBL) Stock Price

Key Points

• Susquehanna cut Bumble’s price target from $3.50 to $3.00 while maintaining a “neutral” rating, implying roughly 5.3% upside from the prior close. Analysts overall rate the stock “Reduce,” with a consensus target of $4.16.
• Bumble opened at $2.85 and remains near its 52-week low of $2.54. The company’s latest quarter showed a substantial EPS miss, negative net margins, and a 15.2% year-over-year revenue decline.
• Insider selling has been significant: insiders sold nearly 30 million shares worth $113.2 million over the past 90 days, including a major shareholder’s sale of 7.48 million shares.

Bumble (NASDAQ:BMBL - Get Free Report) had its price objective decreased by stock analysts at Susquehanna from $3.50 to $3.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Susquehanna's price target would suggest a potential upside of 5.26% from the company's previous close.

BMBL has been the subject of several other research reports. UBS Group upped their target price on Bumble from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a "sell (e+)" rating on shares of Bumble in a research report on Tuesday. Royal Bank Of Canada restated a "sector perform" rating and issued a $5.00 price target on shares of Bumble in a report on Wednesday, May 6th. Raymond James Financial reaffirmed a "market perform" rating on shares of Bumble in a research report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Bumble from a "hold" rating to a "buy" rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $4.16.

Bumble Stock Performance

Shares of BMBL stock opened at $2.85 on Friday. The company's fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.27. Bumble has a 52 week low of $2.54 and a 52 week high of $7.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The company has a market cap of $369.99 million, a PE ratio of -0.67, a P/E/G ratio of 0.10 and a beta of 1.87.

Bumble (NASDAQ:BMBL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.84) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($1.09). Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.The business had revenue of $210.53 million for the quarter, compared to analysts' expectations of $210.46 million. During the same period last year, the company posted ($2.45) earnings per share. The firm's revenue for the quarter was down 15.2% on a year-over-year basis. As a group, equities research analysts anticipate that Bumble will post 1.03 EPS for the current year.

Insider Transactions at Bumble

In other news, Director Ann Mather sold 22,013 shares of Bumble stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the completion of the transaction, the director owned 117,853 shares in the company, valued at approximately $328,809.87. This trade represents a 15.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder - Nq L.L.C. Btoa sold 7,477,500 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares of the company's stock, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,954,026 shares of company stock valued at $113,182,633 over the last 90 days. Corporate insiders own 15.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in Bumble in the second quarter valued at $1,035,000. Ramsey Quantitative Systems bought a new position in shares of Bumble during the second quarter worth about $92,000. 180 Wealth Advisors LLC increased its holdings in shares of Bumble by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 95,699 shares of the company's stock worth $306,000 after acquiring an additional 6,455 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Bumble in the 1st quarter worth about $2,039,000. Finally, Essential Partners LLC lifted its position in Bumble by 672.0% in the 1st quarter. Essential Partners LLC now owns 20,582 shares of the company's stock valued at $67,000 after purchasing an additional 17,916 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company's core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source