Bumble Inc. (NASDAQ:BMBL) Receives $4.33 Consensus Target Price from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have been assigned an average rating of “Reduce” from the eighteen research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $4.3250.

Several research firms have recently issued reports on BMBL. Weiss Ratings lowered shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Bumble from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. UBS Group upped their price target on shares of Bumble from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Raymond James Financial reiterated a “market perform” rating on shares of Bumble in a report on Thursday, June 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.00 price objective on shares of Bumble in a research report on Wednesday, May 6th.

Insider Buying and Selling

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the transaction, the insider directly owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider directly owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 29,954,026 shares of company stock valued at $113,182,633. 15.35% of the stock is owned by insiders.

Institutional Trading of Bumble

Several large investors have recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of Bumble by 16.7% during the second quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after purchasing an additional 2,857 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Bumble by 19.8% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock valued at $92,000 after purchasing an additional 4,270 shares during the period. State of Wyoming boosted its stake in shares of Bumble by 59.8% in the fourth quarter. State of Wyoming now owns 12,017 shares of the company’s stock valued at $43,000 after purchasing an additional 4,499 shares during the period. Wexford Capital LP acquired a new stake in Bumble during the 3rd quarter valued at $31,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Bumble by 21.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,724 shares of the company’s stock valued at $187,000 after purchasing an additional 5,444 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Stock Up 3.6%

BMBL opened at $3.20 on Friday. Bumble has a 1 year low of $2.54 and a 1 year high of $7.95. The firm has a 50 day moving average price of $2.99 and a 200 day moving average price of $3.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $415.42 million, a PE ratio of -0.55, a price-to-earnings-growth ratio of 0.10 and a beta of 1.87.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share 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 for the quarter, compared to analysts’ expectations of $211.59 million. During the same period in the previous year, the company posted $0.13 earnings per share. Bumble’s revenue was down 14.1% compared to the same quarter last year. Sell-side analysts expect that Bumble will post 1.03 earnings per share for the current year.

Bumble Company Profile

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.