Bumble (NASDAQ:BMBL) Rating Lowered to “Strong Sell” at Zacks Research

Bumble (NASDAQ:BMBL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Wells Fargo & Company decreased their price objective on Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Citigroup cut their price objective on shares of Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a report on Monday, December 22nd. Evercore ISI lowered their target price on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada cut Bumble from a “moderate buy” rating to a “hold” rating and cut their price target for the company from $7.50 to $5.00 in a research note on Thursday, November 6th. Finally, Susquehanna lowered their price objective on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Eleven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $4.83.

Bumble Stock Performance

Shares of NASDAQ BMBL opened at $3.60 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $405.86 million, a P/E ratio of 3.21, a P/E/G ratio of 0.12 and a beta of 1.95. Bumble has a 12 month low of $3.18 and a 12 month high of $8.82. The stock has a 50 day moving average of $3.85 and a 200-day moving average of $5.57.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $246.16 million for the quarter, compared to the consensus estimate of $244.19 million. Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned ($5.11) earnings per share. As a group, equities research analysts predict that Bumble will post 4.19 EPS for the current year.

Institutional Trading of Bumble

A number of hedge funds have recently made changes to their positions in BMBL. Vanguard Group Inc. raised its holdings in Bumble by 52.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after buying an additional 3,820,205 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 466,646 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new position in shares of Bumble during the second quarter valued at $30,127,000. Bank of America Corp DE grew its stake in shares of Bumble by 36.2% in the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock worth $15,396,000 after purchasing an additional 671,907 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Bumble by 34.1% in the third quarter. Two Sigma Investments LP now owns 1,647,519 shares of the company’s stock worth $10,033,000 after purchasing an additional 418,506 shares during the last quarter. 94.85% of the stock is 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.