Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Hold” from Brokerages

Bumble Inc. (NASDAQ:BMBL) has been assigned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.09.

A number of research firms recently commented on BMBL. Morgan Stanley decreased their price target on Bumble from $6.00 to $5.50 and set an “equal weight” rating for the company in a research note on Thursday. Susquehanna dropped their price target on Bumble from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. The Goldman Sachs Group decreased their price objective on shares of Bumble from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 17th. Evercore ISI dropped their target price on shares of Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company decreased their price target on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th.

Institutional Trading of Bumble

Several large investors have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. bought a new position in shares of Bumble in the first quarter worth $72,000. Patriot Financial Group Insurance Agency LLC bought a new position in Bumble in the 1st quarter valued at about $396,000. 180 Wealth Advisors LLC increased its stake in Bumble by 8.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 70,019 shares of the company’s stock valued at $304,000 after buying an additional 5,522 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Bumble in the 4th quarter worth approximately $149,000. Finally, Mackenzie Financial Corp bought a new position in shares of Bumble in the fourth quarter valued at approximately $406,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Trading Up 8.7 %

NASDAQ BMBL opened at $4.36 on Monday. The company’s fifty day moving average price is $4.98 and its two-hundred day moving average price is $6.84. The company has a market capitalization of $460.18 million, a price-to-earnings ratio of -0.89 and a beta of 1.77. Bumble has a 12 month low of $3.55 and a 12 month high of $12.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09.

About Bumble

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 in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.