Bumble Inc. (NASDAQ:BMBL) Receives Consensus Recommendation of “Reduce” from Brokerages

Bumble Inc. (NASDAQ:BMBL) has received a consensus rating of “Reduce” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.7714.

BMBL has been the subject of several recent research reports. Susquehanna decreased their target price on shares of Bumble from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Evercore decreased their price objective on Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada downgraded Bumble from a “moderate buy” rating to a “hold” rating and lowered their price objective for the stock from $7.50 to $5.00 in a research note on Thursday, November 6th. Morgan Stanley dropped their target price on Bumble from $6.00 to $3.50 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, The Goldman Sachs Group decreased their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, November 7th.

Bumble Stock Performance

NASDAQ BMBL opened at $3.22 on Friday. The company has a market cap of $363.02 million, a P/E ratio of 2.88, a PEG ratio of 0.11 and a beta of 1.95. The company has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $5.08. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 0.97. Bumble has a 12-month low of $3.01 and a 12-month high of $8.82.

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

Institutional Trading of Bumble

Institutional investors and hedge funds have recently made changes to their positions in the company. Wexford Capital LP purchased a new position in Bumble during the third quarter worth about $31,000. Oppenheimer & Co. Inc. purchased a new stake in Bumble in the 4th quarter valued at about $36,000. Krilogy Financial LLC bought a new position in shares of Bumble during the 4th quarter worth approximately $48,000. Pallas Capital Advisors LLC purchased a new position in shares of Bumble in the 4th quarter worth approximately $61,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Bumble by 1,760.8% in the 3rd quarter. Global Retirement Partners LLC now owns 10,588 shares of the company’s stock worth $64,000 after buying an additional 10,019 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

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.