Bumble Inc. (NASDAQ:BMBL) Receives $67.93 Average PT from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $67.93.

A number of brokerages recently issued reports on BMBL. Evercore ISI began coverage on Bumble in a report on Tuesday, April 13th. They issued an “in-line” rating and a $64.00 target price on the stock. Wolfe Research initiated coverage on Bumble in a research report on Wednesday, March 31st. They set a “peer perform” rating and a $56.00 price objective for the company. BMO Capital Markets assumed coverage on Bumble in a report on Monday, March 15th. They issued a “market perform” rating and a $65.00 target price on the stock. Jefferies Financial Group raised their price target on shares of Bumble from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, March 15th. Finally, Morgan Stanley boosted their price objective on shares of Bumble from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 17th.

In other Bumble news, Director Pamela Thomas-Graham bought 6,535 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was bought at an average cost of $76.23 per share, with a total value of $498,163.05. Following the completion of the transaction, the director now directly owns 1 shares of the company’s stock, valued at approximately $76.23. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Holdings Gp Man Blackstone III sold 24,798,848 shares of the business’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $41.07, for a total transaction of $1,018,488,687.36. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC acquired a new stake in shares of Bumble in the first quarter worth $39,000. West Oak Capital LLC acquired a new stake in shares of Bumble in the first quarter worth $44,000. Optimum Investment Advisors acquired a new stake in shares of Bumble in the first quarter worth $62,000. CenterStar Asset Management LLC acquired a new stake in shares of Bumble in the first quarter worth $73,000. Finally, NEXT Financial Group Inc acquired a new stake in shares of Bumble in the first quarter worth $112,000.

Shares of NASDAQ BMBL traded down $2.98 during mid-day trading on Tuesday, reaching $55.27. The company had a trading volume of 1,390,976 shares, compared to its average volume of 2,639,435. The business has a 50-day moving average price of $62.14. Bumble has a 1-year low of $54.78 and a 1-year high of $84.80.

Bumble (NASDAQ:BMBL) last issued its earnings results on Tuesday, March 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.12. The company had revenue of $165.60 million during the quarter, compared to analyst estimates of $163.31 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis.

Bumble Company Profile

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and credit-based dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis.

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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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