Bumble (NASDAQ:BMBL) Given New $4.00 Price Target at Stifel Nicolaus

Bumble (NASDAQ:BMBL) had its target price trimmed by Stifel Nicolaus from $6.00 to $4.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research analysts have also issued reports on BMBL. Evercore ISI reduced 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. Royal Bank of Canada decreased their price objective on Bumble from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Piper Sandler cut their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Wolfe Research lowered Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.82.

Bumble Stock Performance

BMBL stock opened at $4.47 on Wednesday. The stock’s fifty day moving average is $4.58 and its two-hundred day moving average is $6.77. The stock has a market capitalization of $471.79 million, a price-to-earnings ratio of -0.91 and a beta of 1.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. Bumble has a 1 year low of $3.55 and a 1 year high of $12.49.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tyche Wealth Partners LLC bought a new stake in shares of Bumble during the 1st quarter worth $52,000. Hennessy Advisors Inc. acquired a new position in shares of Bumble in the 1st quarter valued at $72,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Bumble in the 1st quarter worth about $396,000. 180 Wealth Advisors LLC raised its holdings in Bumble by 8.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 70,019 shares of the company’s stock worth $304,000 after buying an additional 5,522 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Bumble during the fourth quarter valued at about $149,000. Institutional investors own 94.85% of the company’s stock.

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.