Bumble Inc. (NASDAQ:BMBL) Given Consensus Rating of “Reduce” by Analysts

Bumble Inc. (NASDAQ:BMBL) has received a consensus rating of “Reduce” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.0769.

A number of research firms have recently weighed in on BMBL. Jefferies Financial Group reduced their target price on shares of Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bumble in a research note on Tuesday. Royal Bank Of Canada downgraded Bumble from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from $7.50 to $5.00 in a research report on Thursday, November 6th. Evercore ISI lowered their target price on Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday, November 6th. Finally, Wells Fargo & Company cut their price target on Bumble from $7.00 to $5.50 and set an “equal weight” rating for the company in a research note on Thursday, November 6th.

Bumble Stock Down 0.9%

Shares of NASDAQ:BMBL opened at $3.46 on Friday. Bumble has a 1 year low of $3.18 and a 1 year high of $8.82. The company has a market capitalization of $390.08 million, a PE ratio of 3.09, a price-to-earnings-growth ratio of 0.10 and a beta of 1.96. The business has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $5.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.55 and a quick ratio of 3.55.

Bumble (NASDAQ:BMBL) last released its earnings results on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The business had revenue of $246.16 million for the quarter, compared to the consensus estimate of $244.19 million. Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($5.11) earnings per share. Analysts forecast that Bumble will post 4.19 earnings per share for the current year.

Hedge Funds Weigh In On Bumble

Large investors have recently modified their holdings of the business. Invesco Ltd. lifted its stake in shares of Bumble by 45.2% during the 1st quarter. Invesco Ltd. now owns 278,346 shares of the company’s stock valued at $1,208,000 after buying an additional 86,600 shares in the last quarter. Nuveen LLC purchased a new position in shares of Bumble in the first quarter valued at $1,196,000. Quantbot Technologies LP bought a new stake in shares of Bumble during the 1st quarter valued at $429,000. Martingale Asset Management L P purchased a new stake in Bumble during the 1st quarter worth about $445,000. Finally, AlphaQuest LLC lifted its holdings in Bumble by 67.0% during the 1st quarter. AlphaQuest LLC now owns 28,237 shares of the company’s stock worth $123,000 after purchasing an additional 11,331 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Bumble Company Profile

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.