Bumble Inc. (NASDAQ:BMBL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.91.

A number of research analysts recently issued reports on the company. Raymond James restated a “market perform” rating on shares of Bumble in a research report on Thursday, April 4th. Susquehanna dropped their price objective on shares of Bumble from $17.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. KeyCorp cut their price objective on shares of Bumble from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $16.00 target price on shares of Bumble in a research report on Wednesday, February 28th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $13.00 price target (down previously from $14.00) on shares of Bumble in a report on Wednesday, February 28th.

Bumble Trading Down 0.6 %

Bumble stock opened at $10.49 on Monday. Bumble has a 1 year low of $9.94 and a 1 year high of $21.06. The firm’s 50-day moving average is $11.14 and its 200-day moving average is $13.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $1.36 billion, a P/E ratio of -349.67, a PEG ratio of 0.29 and a beta of 1.68.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The business had revenue of $273.64 million for the quarter, compared to analyst estimates of $275.38 million. On average, equities analysts expect that Bumble will post 0.66 earnings per share for the current year.

Insiders Place Their Bets

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the stock in a transaction on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the completion of the transaction, the insider now directly owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bumble

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC grew its stake in shares of Bumble by 98.6% in the 4th quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock worth $32,000 after purchasing an additional 1,092 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Bumble during the 3rd quarter valued at $45,000. FNY Investment Advisers LLC bought a new stake in shares of Bumble during the 4th quarter worth $68,000. CWM LLC boosted its stake in shares of Bumble by 1,631.0% during the 3rd quarter. CWM LLC now owns 10,386 shares of the company’s stock worth $155,000 after acquiring an additional 9,786 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Bumble in the 3rd quarter worth $161,000. 94.85% of the stock is currently owned by institutional investors.

About Bumble

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.