Bumble (BMBL) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bumble in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BMBL shares.
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15 equities research analysts have issued 1-year price objectives for Bumble's stock. Their BMBL share price forecasts range from $18.00 to $35.00. On average, they anticipate the company's stock price to reach $24.78 in the next year. This suggests a possible upside of 71.2% from the stock's current price.
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Bumble's stock was trading at $21.05 at the beginning of the year. Since then, BMBL shares have decreased by 31.3% and is now trading at $14.47.
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Bumble saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,270,000 shares, an increase of 20.8% from the August 31st total of 6,020,000 shares. Based on an average daily trading volume, of 1,960,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 7.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our BMBL earnings forecast.

Bumble Inc. (NASDAQ:BMBL) posted its earnings results on Tuesday, August, 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business earned $259.70 million during the quarter, compared to analysts' expectations of $256.63 million. Bumble had a negative net margin of 8.94% and a positive trailing twelve-month return on equity of 1.82%. Bumble's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS.

ETFs with the largest weight of Bumble (NASDAQ:BMBL) stock in their portfolio include SPDR S&P Internet ETF (XWEB), iShares Virtual Work and Life Multisector ETF (IWFH), Fidelity Metaverse ETF (FMET), WisdomTree Growth Leaders Fund (PLAT), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), Parabla Innovation ETF (LZRD), Goldman Sachs Future Consumer Equity ETF (GBUY) and Fidelity Disruptive Communications ETF (FDCF).

Bumble issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $274.00 million-$280.00 million, compared to the consensus revenue estimate of $275.62 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 acted 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 BlackRock Inc. (7.29%), Marshall Wace LLP (2.76%), State Street Corp (1.80%), Citadel Advisors LLC (0.00%), Geode Capital Management LLC (1.51%) and Dimensional Fund Advisors LP (1.50%). 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.
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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 $14.47.

Bumble (NASDAQ:BMBL) has a market capitalization of $1.98 billion and generates $903.50 million in revenue each year. The company earns $-79,750,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis.

The company employs 950 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.