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

Bumble Inc. (NASDAQ:BMBL) has received an average rating of “Reduce” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.3357.

BMBL has been the subject of a number of analyst reports. Zacks Research raised shares of Bumble from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.00 price target on shares of Bumble in a research note on Thursday, March 12th. Jefferies Financial Group reduced their price target on Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. BTIG Research reaffirmed a “neutral” rating on shares of Bumble in a research note on Monday, March 16th. Finally, Susquehanna reiterated a “neutral” rating and issued a $3.50 price objective on shares of Bumble in a report on Thursday, March 12th.

Insider Buying and Selling

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider directly owned 25,832 shares of the company’s stock, valued at $90,670.32. This represents a 99.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,504 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,910,016 shares of company stock valued at $104,984,156 over the last 90 days. 15.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bumble

Several hedge funds have recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in Bumble by 16.7% in the second quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after buying an additional 2,857 shares in the last quarter. Arizona State Retirement System lifted its position in Bumble by 14.4% in the 3rd quarter. Arizona State Retirement System now owns 26,419 shares of the company’s stock valued at $161,000 after acquiring an additional 3,317 shares in the last quarter. Quantbot Technologies LP boosted its stake in Bumble by 4.1% in the 2nd quarter. Quantbot Technologies LP now owns 102,964 shares of the company’s stock worth $679,000 after purchasing an additional 4,093 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in Bumble by 19.8% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock worth $92,000 after purchasing an additional 4,270 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Bumble by 3.0% during the 2nd quarter. Swiss National Bank now owns 151,200 shares of the company’s stock worth $996,000 after purchasing an additional 4,400 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Stock Performance

BMBL opened at $3.22 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.21 and a quick ratio of 2.21. The company has a market cap of $418.02 million, a price-to-earnings ratio of -0.53, a price-to-earnings-growth ratio of 0.11 and a beta of 1.96. The firm has a 50 day simple moving average of $3.26 and a 200 day simple moving average of $4.16. Bumble has a fifty-two week low of $2.61 and a fifty-two week high of $8.64.

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.