Bumble Inc. (NASDAQ:BMBL) Receives Consensus Rating of “Hold” from Brokerages

Bumble Inc. (NASDAQ:BMBL) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.71.

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Bumble from $6.80 to $4.80 and set a “neutral” rating for the company in a report on Friday, April 25th. Susquehanna decreased their price objective on shares of Bumble from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Piper Sandler decreased their target price on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. UBS Group boosted their target price on shares of Bumble from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, May 15th. Finally, Stifel Nicolaus decreased their target price on shares of Bumble from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd.

Institutional Investors Weigh In On Bumble

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of Bumble during the 4th quarter valued at $187,000. Principal Financial Group Inc. grew its position in shares of Bumble by 11.2% during the 4th quarter. Principal Financial Group Inc. now owns 158,790 shares of the company’s stock valued at $1,293,000 after acquiring an additional 15,958 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Bumble during the 4th quarter valued at $2,042,000. Envestnet Asset Management Inc. grew its position in shares of Bumble by 125.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 88,116 shares of the company’s stock valued at $717,000 after acquiring an additional 49,050 shares during the period. Finally, Man Group plc bought a new stake in shares of Bumble during the 4th quarter valued at $334,000. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

BMBL stock opened at $5.74 on Tuesday. The firm has a 50 day moving average price of $4.79 and a 200-day moving average price of $6.39. Bumble has a 52-week low of $3.55 and a 52-week high of $12.03. The firm has a market capitalization of $592.89 million, a price-to-earnings ratio of -1.17 and a beta of 1.76. 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 (NASDAQ:BMBL) last released its earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The business had revenue of $247.10 million for the quarter, compared to analysts’ expectations of $246.68 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. Bumble’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts forecast 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.