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

Bumble Inc. (NASDAQ:BMBL) has been given a consensus recommendation of “Reduce” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.3250.

A number of research analysts have recently issued reports on BMBL shares. Weiss Ratings cut Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. Bank of America lowered their target price on Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a research note on Thursday, March 12th. JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. Citigroup reduced their price target on Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, BTIG Research reiterated a “neutral” rating on shares of Bumble in a research report on Monday, March 16th.

Bumble Trading Down 1.6%

Shares of BMBL opened at $3.12 on Wednesday. Bumble has a fifty-two week low of $2.54 and a fifty-two week high of $8.64. The firm has a market cap of $405.04 million, a price-to-earnings ratio of -0.53, a PEG ratio of 0.10 and a beta of 1.86. The firm has a 50 day moving average price of $3.20 and a 200-day moving average price of $3.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22.

Bumble (NASDAQ:BMBL) last released its earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The company had revenue of $212.38 million for the quarter, compared to analyst estimates of $211.59 million. Bumble had a negative net margin of 72.04% and a positive return on equity of 32.66%. The firm’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. As a group, equities research analysts forecast that Bumble will post 1.03 earnings per share for the current year.

Insider Transactions at Bumble

In related news, major shareholder – Nq L.L.C. Btoa sold 7,477,500 shares of Bumble stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider directly owned 19,374 shares of the company’s stock, valued at $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the sale, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This represents a 99.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 29,954,026 shares of company stock valued at $113,182,633. 15.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Cerity Partners LLC raised its position in Bumble by 16.7% during the 2nd quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after purchasing an additional 2,857 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Bumble by 19.8% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock valued at $92,000 after buying an additional 4,270 shares during the period. State of Wyoming increased its stake in shares of Bumble by 59.8% during the fourth quarter. State of Wyoming now owns 12,017 shares of the company’s stock valued at $43,000 after buying an additional 4,499 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Bumble by 7.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 65,798 shares of the company’s stock valued at $235,000 after acquiring an additional 4,832 shares in the last quarter. Finally, Wexford Capital LP bought a new position in shares of Bumble during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors 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.