Bumble (NASDAQ:BMBL) Upgraded by Wall Street Zen to Buy Rating

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

Several other brokerages have also recently issued reports on BMBL. Royal Bank Of Canada reissued a “sector perform” rating and set a $5.00 price objective on shares of Bumble in a research note on Wednesday, May 6th. Susquehanna reaffirmed a “neutral” rating and issued a $3.50 target price on shares of Bumble in a research report on Thursday, March 12th. Zacks Research upgraded Bumble from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Bank of America lowered their price target on Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Finally, William Blair restated an “outperform” rating on shares of Bumble in a research note on Monday, March 16th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $4.33.

Bumble Trading Up 3.4%

Shares of BMBL stock opened at $3.04 on Friday. The firm’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22. Bumble has a 1-year low of $2.54 and a 1-year high of $8.64. The firm has a market cap of $394.65 million, a P/E ratio of -0.52, a PEG ratio of 0.10 and a beta of 1.89.

Bumble (NASDAQ:BMBL) last released its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $211.59 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Bumble’s revenue was down 14.1% compared to the same quarter last year. As a group, equities analysts forecast that Bumble will post 0.99 EPS for the current year.

Insider Activity at Bumble

In other news, Director Ann Mather sold 22,013 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total value of $61,416.27. Following the transaction, the director owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. This trade represents a 15.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $28,264,950.00. Following the transaction, the insider owned 19,374 shares in the company, valued at $73,233.72. The trade was a 99.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,954,026 shares of company stock valued at $113,182,633 over the last quarter. Company insiders own 15.35% of the company’s stock.

Institutional Trading of Bumble

Large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP acquired a new position in shares of Bumble during the third quarter worth about $31,000. EFG International AG acquired a new stake in shares of Bumble in the fourth quarter valued at about $25,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Bumble during the 4th quarter valued at about $36,000. StoneX Group Inc. purchased a new stake in shares of Bumble during the 4th quarter valued at about $36,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Bumble during the 4th quarter worth approximately $37,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

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.