Brokerages Set Bumble Inc. (NASDAQ:BMBL) PT at $16.91

Shares of Bumble Inc. (NASDAQ:BMBL) have earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.68.

Several research analysts have issued reports on the stock. Piper Sandler reissued a “neutral” rating and set a $13.00 price objective (down from $14.00) on shares of Bumble in a research report on Wednesday, February 28th. Morgan Stanley began coverage on Bumble in a report on Thursday, April 18th. They set an “equal weight” rating and a $13.00 price target on the stock. KeyCorp dropped their price target on Bumble from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Raymond James reaffirmed a “market perform” rating on shares of Bumble in a research report on Thursday, April 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $16.00 price target on shares of Bumble in a research note on Wednesday, February 28th.

Bumble Stock Down 0.2 %

Shares of NASDAQ BMBL opened at $10.14 on Monday. The business has a 50-day moving average price of $10.89 and a 200 day moving average price of $12.95. The stock has a market cap of $1.31 billion, a PE ratio of -336.67, a price-to-earnings-growth ratio of 0.28 and a beta of 1.67. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.44. Bumble has a 52-week low of $9.93 and a 52-week high of $21.06.

Bumble (NASDAQ:BMBL) last posted 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). The firm had revenue of $273.64 million during the quarter, compared to analyst estimates of $275.38 million. Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. Equities research analysts forecast that Bumble will post 0.66 earnings per share for the current year.

Insider Transactions at Bumble

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 12,802 shares in the company, valued at approximately $142,102.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.84% of the company’s stock.

Institutional Trading of Bumble

A number of institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC lifted its stake in shares of Bumble by 98.6% during the fourth quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock worth $32,000 after purchasing an additional 1,092 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Bumble during the 3rd quarter valued at about $45,000. FNY Investment Advisers LLC acquired a new position in Bumble during the 4th quarter worth approximately $68,000. CWM LLC boosted its holdings in Bumble by 1,631.0% in 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 during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Bumble in the third quarter valued at approximately $161,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Company Profile

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.