Bumble (NASDAQ:BMBL) Price Target Cut to $4.00 by Analysts at Wells Fargo & Company

Bumble (NASDAQ:BMBL) had its price objective decreased by Wells Fargo & Company from $5.00 to $4.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other research analysts have also commented on the stock. UBS Group boosted their price target on shares of Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citigroup cut their target price on Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bumble in a research note on Tuesday. The Goldman Sachs Group cut their target price on shares of Bumble from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday. Finally, Susquehanna cut their target price on Bumble from $3.50 to $3.00 and set a “neutral” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bumble has a consensus rating of “Reduce” and a consensus target price of $3.99.

Bumble Stock Down 0.7%

BMBL stock opened at $2.83 on Friday. The company has a market capitalization of $367.39 million, a price-to-earnings ratio of -0.67, a PEG ratio of 0.09 and a beta of 1.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $2.97 and a 200-day moving average of $3.27. Bumble has a fifty-two week low of $2.54 and a fifty-two week high of $7.37.

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

Insiders Place Their Bets

In other Bumble news, Director Ann Mather sold 22,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total transaction of $61,416.27. Following the completion of the transaction, the director owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. This trade represents a 15.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 firm’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 transaction, the insider directly owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 29,954,026 shares of company stock valued at $113,182,633. Insiders own 15.35% of the company’s stock.

Institutional Trading of Bumble

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

Trending Headlines about Bumble

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Bumble’s second-quarter adjusted earnings reportedly exceeded Wall Street expectations, with earnings of $0.45 per share versus the $0.25 consensus estimate. Revenue was approximately $210.5 million, broadly matching forecasts. Bumble Inc. Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company is promoting its newer Plans app, which is designed to facilitate low-pressure, in-person group meetups. Early traction and a shift away from traditional swiping could help Bumble attract younger users and diversify engagement over time. Bumble teases a swipe-free future as it doubles down on IRL meetups
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $5.00 to $4.00 while maintaining a “sector perform” rating. Wells Fargo also reduced its target to $4.00 and kept an “equal weight” rating, indicating analysts see upside but remain cautious. Benzinga analyst updates
• Negative Sentiment: Bumble forecast third-quarter revenue of $205 million to $213 million, reflecting continued growth concerns. Management expects marketing investment to support user acquisition, with an approximately 28% adjusted EBITDA margin midpoint. Bumble Q3 revenue outlook
• Negative Sentiment: Reuters reported that Bumble’s paying-user base declined, contributing to a downbeat quarterly revenue forecast. The company’s revenue also fell year over year, intensifying concerns about competition, user monetization and the effectiveness of its turnaround strategy. Bumble forecasts downbeat quarterly revenue as paying users drop
• Negative Sentiment: Susquehanna cut its target from $3.50 to $3.00 and Goldman Sachs reduced its target from $5.00 to $3.50; both firms rated the stock “neutral.” The broad wave of target reductions is likely weighing on investor sentiment. Benzinga analyst updates

About Bumble

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.