Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Reduce” from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have been given a consensus recommendation of “Reduce” by the fifteen research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $4.60.

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a report on Monday, December 29th. Evercore reduced their price objective 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. Citigroup lowered their target price on Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada downgraded shares of Bumble from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from $7.50 to $5.00 in a research report on Thursday, November 6th.

Bumble Trading Up 2.0%

Shares of Bumble stock opened at $3.02 on Thursday. The stock has a market capitalization of $340.47 million, a P/E ratio of 2.70, a price-to-earnings-growth ratio of 0.10 and a beta of 1.96. Bumble has a 12-month low of $2.61 and a 12-month high of $8.64. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. The company has a 50-day simple moving average of $3.31 and a 200 day simple moving average of $4.53.

Institutional Trading of Bumble

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bumble in the 2nd quarter valued at $504,000. Caxton Associates LLP acquired a new position in shares of Bumble during the second quarter valued at $2,468,000. Quinn Opportunity Partners LLC boosted its holdings in Bumble by 292.9% in the second quarter. Quinn Opportunity Partners LLC now owns 200,372 shares of the company’s stock valued at $1,320,000 after acquiring an additional 149,372 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Bumble in the third quarter worth about $3,104,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Bumble in the second quarter worth about $2,928,000. 94.85% of the stock is owned by institutional investors.

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.