Deutsche Bank Aktiengesellschaft Trims Bumble (NASDAQ:BMBL) Target Price to $13.00

Bumble (NASDAQ:BMBL) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $15.00 to $13.00 in a research note released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

BMBL has been the topic of several other research reports. KeyCorp decreased their price target on Bumble from $18.00 to $16.00 and set an overweight rating on the stock in a research note on Monday, May 6th. Raymond James reissued a market perform rating on shares of Bumble in a report on Thursday, April 4th. The Goldman Sachs Group cut their price target on Bumble from $18.00 to $15.00 and set a buy rating for the company in a research note on Thursday. Evercore ISI increased their price objective on shares of Bumble from $17.00 to $18.00 and gave the company an outperform rating in a research note on Thursday. Finally, Piper Sandler restated a neutral rating and set a $13.00 target price (down previously from $14.00) on shares of Bumble in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Bumble currently has an average rating of Moderate Buy and an average price target of $15.89.

Bumble Stock Performance

NASDAQ:BMBL opened at $11.45 on Thursday. Bumble has a 1 year low of $9.83 and a 1 year high of $21.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a fifty day moving average price of $10.71 and a two-hundred day moving average price of $12.81. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 67.35, a PEG ratio of 0.32 and a beta of 1.67.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $267.80 million during the quarter, compared to the consensus estimate of $265.41 million. Bumble had a net margin of 2.04% and a return on equity of 0.91%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. As a group, sell-side analysts anticipate that Bumble will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the stock in a transaction on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the transaction, the insider now owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC grew its holdings in Bumble by 98.6% in the fourth quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock valued at $32,000 after purchasing an additional 1,092 shares during the period. EverSource Wealth Advisors LLC purchased a new position in Bumble during the third quarter worth approximately $45,000. FNY Investment Advisers LLC acquired a new position in shares of Bumble in the 4th quarter valued at $68,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Bumble during the 3rd quarter valued at $161,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Bumble during the 4th quarter worth $162,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.