Bumble (NASDAQ:BMBL) Price Target Lowered to $3.00 at Susquehanna

Bumble (NASDAQ:BMBL) had its price target lowered by Susquehanna from $3.50 to $3.00 in a research report released on Friday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on BMBL. Wall Street Zen raised shares of Bumble from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Bumble in a research report on Tuesday. The Goldman Sachs Group reduced their price target on shares of Bumble from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday. Raymond James Financial restated a “market perform” rating on shares of Bumble in a report on Thursday, June 25th. Finally, UBS Group raised their price objective on Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $3.99.

Bumble Trading Down 0.7%

NASDAQ:BMBL opened at $2.83 on Friday. Bumble has a 12-month low of $2.54 and a 12-month high of $7.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $2.97 and its 200-day simple moving average is $3.27. The firm has a market cap of $367.39 million, a P/E ratio of -0.67, a PEG ratio of 0.09 and a beta of 1.87.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($1.09). The company had revenue of $210.53 million for the quarter, compared to analyst estimates of $210.46 million. Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.Bumble’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.45) earnings per share. Equities analysts anticipate that Bumble will post 1.03 EPS for the current year.

Insider Activity

In other Bumble news, Director Ann Mather sold 22,013 shares of Bumble stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total value of $61,416.27. Following the completion of the sale, the director owned 117,853 shares in the company, valued at $328,809.87. The trade was a 15.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,954,026 shares of company stock valued at $113,182,633 in the last 90 days. Insiders own 15.35% of the company’s stock.

Institutional Investors Weigh In On Bumble

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Bumble during the 2nd quarter worth about $1,035,000. Ramsey Quantitative Systems acquired a new position in shares of Bumble in the second quarter worth about $92,000. 180 Wealth Advisors LLC boosted its stake in shares of Bumble by 7.2% during the 2nd quarter. 180 Wealth Advisors LLC now owns 95,699 shares of the company’s stock valued at $306,000 after buying an additional 6,455 shares during the last quarter. Pacer Advisors Inc. bought a new position in Bumble during the 1st quarter valued at $2,039,000. Finally, Essential Partners LLC lifted its position in shares of Bumble by 672.0% during the first quarter. Essential Partners LLC now owns 20,582 shares of the company’s stock worth $67,000 after purchasing an additional 17,916 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

More Bumble News

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Bumble’s second-quarter adjusted earnings reportedly exceeded Wall Street expectations, with earnings of $0.45 per share versus the $0.25 consensus estimate. Revenue was approximately $210.5 million, broadly matching forecasts. Bumble Inc. Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company is promoting its newer Plans app, which is designed to facilitate low-pressure, in-person group meetups. Early traction and a shift away from traditional swiping could help Bumble attract younger users and diversify engagement over time. Bumble teases a swipe-free future as it doubles down on IRL meetups
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $5.00 to $4.00 while maintaining a “sector perform” rating. Wells Fargo also reduced its target to $4.00 and kept an “equal weight” rating, indicating analysts see upside but remain cautious. Benzinga analyst updates
• Negative Sentiment: Bumble forecast third-quarter revenue of $205 million to $213 million, reflecting continued growth concerns. Management expects marketing investment to support user acquisition, with an approximately 28% adjusted EBITDA margin midpoint. Bumble Q3 revenue outlook
• Negative Sentiment: Reuters reported that Bumble’s paying-user base declined, contributing to a downbeat quarterly revenue forecast. The company’s revenue also fell year over year, intensifying concerns about competition, user monetization and the effectiveness of its turnaround strategy. Bumble forecasts downbeat quarterly revenue as paying users drop
• Negative Sentiment: Susquehanna cut its target from $3.50 to $3.00 and Goldman Sachs reduced its target from $5.00 to $3.50; both firms rated the stock “neutral.” The broad wave of target reductions is likely weighing on investor sentiment. Benzinga analyst updates

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.