Bumble (BMBL) Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bumble in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BMBL shares.
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17 Wall Street analysts have issued 12 month price targets for Bumble's shares. Their BMBL share price forecasts range from $20.00 to $35.00. On average, they anticipate the company's stock price to reach $26.65 in the next year. This suggests a possible upside of 74.2% from the stock's current price.
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Bumble's stock was trading at $21.05 at the beginning of 2023. Since then, BMBL shares have decreased by 27.3% and is now trading at $15.30.
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Bumble saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,710,000 shares, a decline of 5.1% from the April 30th total of 7,070,000 shares. Based on an average daily volume of 2,760,000 shares, the short-interest ratio is presently 2.4 days. Approximately 7.1% of the shares of the company are sold short.
View Bumble's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our BMBL earnings forecast.

Bumble Inc. (NASDAQ:BMBL) released its quarterly earnings data on Thursday, May, 4th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm earned $242.95 million during the quarter, compared to the consensus estimate of $240.92 million. Bumble had a positive trailing twelve-month return on equity of 1.50% and a negative net margin of 10.51%. The company's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS.

ETFs with the largest weight of Bumble (NASDAQ:BMBL) stock in their portfolio include SPDR S&P Internet ETF (XWEB), Invesco Dynamic Software ETF (PSJ), Fount Metaverse ETF (MTVR), ProShares On-Demand ETF (OND), Goldman Sachs Future Consumer Equity ETF (GBUY), Fidelity Metaverse ETF (FMET), iShares Virtual Work and Life Multisector ETF (IWFH) and Fidelity Women's Leadership ETF (FDWM).

Bumble issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $254.00 million-$258.00 million, compared to the consensus revenue estimate of $256.63 million.

(BMBL) raised $1 billion in an IPO on Thursday, February 11th 2021. The company issued 34,500,000 shares at a price of $28.00-$30.00 per share. Goldman Sachs, Citigroup, Morgan Stanley, J.P. Morgan, Jefferies, RBC Capital Markets and Evercore ISI served as the underwriters for the IPO and Blackstone Capital Markets, BMO Capital Markets, Cowen, Raymond James, Stifel, BTIG, Nomura, SMBC Nikko, AmeriVet Securities, C.L. King & Associates, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., Ramirez & Co., Siebert Williams Shank and Telsey Advisory Group were co-managers.

Bumble trades on the NASDAQ under the ticker symbol "BMBL."

Bumble's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (7.10%), BlackRock Inc. (7.03%), FMR LLC (6.44%), JPMorgan Chase & Co. (1.58%), State Street Corp (1.66%) and Geode Capital Management LLC (1.51%). Insiders that own company stock include Amy Griffin, Bx Buzz Ml-1 Gp Llc, Holdings Gp Man Blackstone III, Matthew S Bromberg, Pamela Thomas-Graham, Tariq M Shaukat and Whitney Wolfe Herd.
View institutional ownership trends.

Shares of BMBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BMBL stock can currently be purchased for approximately $15.30.

Bumble (NASDAQ:BMBL) has a market capitalization of $2.10 billion and generates $936.42 million in revenue each year. The company earns $-79,750,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis.

The company employs 900 workers across the globe.

Bumble's mailing address is 1105 WEST 41ST STREET, AUSTIN TX, 78756. The official website for the company is bumble.com. The company can be reached via phone at 512-696-1409 or via email at ir@team.bumble.com.