Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.89.

A number of research firms have weighed in on BMBL. JPMorgan Chase & Co. decreased their price target on Bumble from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Bumble from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Evercore ISI lifted their target price on Bumble from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Susquehanna reduced their target price on Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research note on Thursday, February 29th. Finally, Bank of America upgraded Bumble from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, May 10th.

Insider Activity at Bumble

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

Hedge Funds Weigh In On Bumble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its holdings in Bumble by 98.6% in the 4th quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock valued at $32,000 after acquiring an additional 1,092 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Bumble during the 3rd quarter worth $45,000. FNY Investment Advisers LLC acquired a new position in shares of Bumble during the 4th quarter worth $68,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Bumble during the 3rd quarter worth $161,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Bumble during the 4th quarter worth $162,000. 94.85% of the stock is owned by institutional investors and hedge funds.

Bumble Stock Down 4.1 %

Shares of Bumble stock opened at $11.44 on Friday. The business’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $12.73. Bumble has a 52-week low of $9.83 and a 52-week high of $21.06. The firm has a market cap of $1.48 billion, a PE ratio of 67.29, a P/E/G ratio of 0.27 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.96 and a current ratio of 1.96.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $267.80 million during the quarter, compared to the consensus estimate of $265.41 million. Bumble had a return on equity of 0.92% and a net margin of 2.04%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. On average, analysts predict that Bumble will post 0.88 earnings per share for the current fiscal year.

About Bumble

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.