Bumble Inc. (NASDAQ:BMBL) Given Average Rating of “Reduce” by Analysts

Bumble Inc. (NASDAQ:BMBL) has earned an average recommendation of “Reduce” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.3250.

Several research firms have weighed in on BMBL. Wall Street Zen cut shares of Bumble from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research raised shares of Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Bank of America reduced their price objective on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a research note on Thursday, March 12th. Citigroup reduced their price objective on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th.

Bumble Trading Down 0.4%

NASDAQ BMBL opened at $2.72 on Friday. Bumble has a twelve month low of $2.61 and a twelve month high of $8.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $353.11 million, a price-to-earnings ratio of -0.47, a PEG ratio of 0.09 and a beta of 1.89. The firm’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $3.43.

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

Insiders Place Their Bets

In other Bumble news, Director Ann Mather sold 22,013 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total transaction of $61,416.27. Following the completion of the transaction, the director owned 117,853 shares of the company’s stock, valued at $328,809.87. The trade was a 15.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sissie L. Hsiao sold 22,013 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director directly owned 126,687 shares of the company’s stock, valued at approximately $353,456.73. This represents a 14.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,954,042 shares of company stock worth $105,106,989 in the last 90 days. 15.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after acquiring an additional 3,820,205 shares during the last quarter. Saba Capital Management L.P. raised its position in shares of Bumble by 52.6% during the fourth quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock valued at $19,055,000 after buying an additional 1,838,923 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bumble by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock valued at $29,735,000 after buying an additional 466,646 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Bumble by 48.6% during the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock valued at $13,737,000 after buying an additional 1,378,487 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Bumble by 36.2% during the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock valued at $15,396,000 after buying an additional 671,907 shares during 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.