Bumble Inc. (NASDAQ:BMBL) Receives $4.77 Average Target Price from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have received an average recommendation of “Reduce” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $4.7714.

BMBL has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $4.00 target price on shares of Bumble in a research note on Tuesday, January 20th. The Goldman Sachs Group dropped their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Susquehanna lowered their target price on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group cut their price target on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 11th.

Bumble Stock Performance

Shares of NASDAQ BMBL opened at $3.25 on Friday. The firm’s 50-day moving average price is $3.54 and its 200-day moving average price is $4.99. Bumble has a 52-week low of $3.01 and a 52-week high of $8.64. The company has a market cap of $366.41 million, a PE ratio of 2.90, a PEG ratio of 0.11 and a beta of 1.95. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wexford Capital LP purchased a new stake in shares of Bumble in the 3rd quarter worth $31,000. Oppenheimer & Co. Inc. bought a new stake in Bumble during the fourth quarter valued at about $36,000. Global Retirement Partners LLC increased its position in Bumble by 1,760.8% in the third quarter. Global Retirement Partners LLC now owns 10,588 shares of the company’s stock worth $64,000 after buying an additional 10,019 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Bumble in the third quarter worth about $65,000. Finally, Spire Wealth Management bought a new position in shares of Bumble in the second quarter worth about $71,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

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.