Citigroup Boosts Bumble (NASDAQ:BMBL) Price Target to $3.90

Bumble (NASDAQ:BMBLGet Free Report) had its price target upped by analysts at Citigroup from $3.80 to $3.90 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 3.45% from the company’s current price.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday. Jefferies Financial Group reduced their target price on Bumble from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Zacks Research raised shares of Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bumble in a report on Monday, December 29th. 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. Fourteen investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $4.34.

Get Our Latest Stock Analysis on BMBL

Bumble Price Performance

Shares of BMBL opened at $3.77 on Thursday. 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 stock’s 50 day moving average is $3.26 and its two-hundred day moving average is $4.39. Bumble has a twelve month low of $2.61 and a twelve month high of $8.64. The firm has a market capitalization of $425.03 million, a PE ratio of -0.62, a P/E/G ratio of 0.13 and a beta of 1.96.

Bumble (NASDAQ:BMBLGet Free Report) last issued its earnings results on Wednesday, March 11th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.79. The business had revenue of $224.17 million during the quarter, compared to the consensus estimate of $221.45 million. Bumble had a positive return on equity of 22.13% and a negative net margin of 72.74%.The company’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. Research analysts anticipate that Bumble will post 4.19 earnings per share for the current year.

Institutional Investors Weigh In On Bumble

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

Key Stories Impacting Bumble

Here are the key news stories impacting Bumble this week:

Bumble Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Bumble (NASDAQ:BMBL)

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