Bumble Inc. (NASDAQ:BMBL) Given Consensus Recommendation of “Reduce” by Brokerages

Bumble Inc. (NASDAQ:BMBL) has earned a consensus rating of “Reduce” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.8308.

Several equities analysts recently commented on BMBL shares. Susquehanna dropped their price objective on shares of Bumble from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada cut Bumble from a “moderate buy” rating to a “hold” rating and dropped their price target for the company from $7.50 to $5.00 in a research note on Thursday, November 6th. The Goldman Sachs Group cut their price objective on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Jefferies Financial Group dropped their target price on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Finally, Citigroup reduced their price target on Bumble from $5.50 to $3.80 and set a “neutral” rating on the stock in a report on Monday, December 22nd.

Hedge Funds Weigh In On Bumble

Large investors have recently modified their holdings of the business. Cerity Partners LLC grew its stake in shares of Bumble by 16.7% in the second quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock worth $132,000 after purchasing an additional 2,857 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Bumble by 14.4% in the third quarter. Arizona State Retirement System now owns 26,419 shares of the company’s stock valued at $161,000 after buying an additional 3,317 shares during the period. Quantbot Technologies LP raised its position in shares of Bumble by 4.1% during the second quarter. Quantbot Technologies LP now owns 102,964 shares of the company’s stock worth $679,000 after acquiring an additional 4,093 shares during the last quarter. Swiss National Bank raised its position in shares of Bumble by 3.0% during the second quarter. Swiss National Bank now owns 151,200 shares of the company’s stock worth $996,000 after acquiring an additional 4,400 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its stake in shares of Bumble by 7.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,798 shares of the company’s stock worth $235,000 after acquiring an additional 4,832 shares during the period. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

Shares of BMBL stock opened at $3.62 on Wednesday. The business has a fifty day simple moving average of $3.66 and a 200 day simple moving average of $5.49. The company has a market cap of $408.12 million, a P/E ratio of 3.23, a P/E/G ratio of 0.12 and a beta of 1.95. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. Bumble has a twelve month low of $3.18 and a twelve month high of $8.82.

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

About Bumble

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.