Bumble Inc. (NASDAQ:BMBL) Given Average Rating of “Hold” by Brokerages

Bumble Inc. (NASDAQ:BMBL) has earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.75.

Several analysts recently issued reports on BMBL shares. JPMorgan Chase & Co. cut their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Evercore ISI lowered their target price on shares of Bumble from $8.00 to $7.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus dropped their target price on shares of Bumble from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Finally, Susquehanna cut their price target on Bumble from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

Institutional Investors Weigh In On Bumble

Several institutional investors and hedge funds have recently added to or reduced their stakes in BMBL. Ameriprise Financial Inc. increased its stake in shares of Bumble by 25.5% in the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company’s stock worth $51,953,000 after acquiring an additional 1,298,630 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Bumble by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company’s stock valued at $32,279,000 after buying an additional 22,136 shares during the period. RPD Fund Management LLC purchased a new position in Bumble in the fourth quarter valued at $30,940,000. Northern Trust Corp increased its stake in shares of Bumble by 3.5% during the fourth quarter. Northern Trust Corp now owns 950,014 shares of the company’s stock worth $7,733,000 after buying an additional 32,353 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Bumble by 429.5% during the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company’s stock worth $6,287,000 after purchasing an additional 626,528 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Price Performance

BMBL stock opened at $5.85 on Friday. The firm has a 50 day simple moving average of $4.51 and a two-hundred day simple moving average of $6.59. Bumble has a one year low of $3.55 and a one year high of $12.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market cap of $617.44 million, a PE ratio of -1.20 and a beta of 1.76.

Bumble (NASDAQ:BMBL) last issued its earnings results on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The firm had revenue of $247.10 million during the quarter, compared to analysts’ expectations of $246.68 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that Bumble will post 4.19 EPS for the current fiscal year.

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.