Wall Street Zen Downgrades Bumble (NASDAQ:BMBL) to Hold

Bumble (NASDAQ:BMBL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

BMBL has been the subject of several other reports. Susquehanna reaffirmed a “neutral” rating and set a $3.50 price objective on shares of Bumble in a report on Thursday, March 12th. JPMorgan Chase & Co. raised shares of Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. UBS Group upped their price objective on shares of Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen reaffirmed a “hold” rating and set a $5.00 price objective on shares of Bumble in a report on Thursday, March 12th. Finally, Bank of America decreased their price objective on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $4.33.

Bumble Price Performance

NASDAQ BMBL opened at $2.84 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $3.45. The company has a market cap of $368.69 million, a P/E ratio of -0.49, a P/E/G ratio of 0.10 and a beta of 1.89. Bumble has a 1 year low of $2.61 and a 1 year high of $8.64.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The business had revenue of $212.38 million during the quarter, compared to the consensus estimate of $211.59 million. Bumble had a negative net margin of 72.04% and a positive return on equity of 32.66%. Bumble’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. On average, sell-side analysts predict that Bumble will post 0.99 EPS for the current year.

Insider Activity at Bumble

In other news, major shareholder – Nq L.L.C. Btoa sold 7,477,504 shares of the stock in a transaction on 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 transaction, the insider owned 25,832 shares in the company, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the transaction, the insider owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 29,910,016 shares of company stock valued at $104,984,156 in the last quarter. Company insiders own 15.35% of the company’s stock.

Hedge Funds Weigh In On Bumble

A number of hedge funds have recently made changes to their positions in the business. Essential Partners LLC raised its stake in shares of Bumble by 672.0% in the 1st quarter. Essential Partners LLC now owns 20,582 shares of the company’s stock valued at $67,000 after buying an additional 17,916 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Bumble by 16.7% in the 1st quarter. Bank of America Corp DE now owns 1,914,553 shares of the company’s stock valued at $6,241,000 after buying an additional 274,548 shares in the last quarter. RBF Capital LLC raised its stake in shares of Bumble by 86.9% in the 1st quarter. RBF Capital LLC now owns 967,372 shares of the company’s stock valued at $3,154,000 after buying an additional 449,866 shares in the last quarter. Amundi acquired a new position in shares of Bumble in the 1st quarter valued at $74,000. Finally, Empowered Funds LLC raised its stake in shares of Bumble by 5.5% in the 1st quarter. Empowered Funds LLC now owns 546,785 shares of the company’s stock valued at $1,783,000 after buying an additional 28,403 shares in the last quarter. Institutional investors and hedge funds 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.