Bumble Inc. (NASDAQ:BMBL) Receives $6.71 Consensus Target Price from Analysts

Bumble Inc. (NASDAQ:BMBL) has been assigned an average rating of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.58.

Several research firms have commented on BMBL. Evercore ISI dropped their target price on Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group boosted their target price on Bumble from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Royal Bank of Canada dropped their target price on Bumble from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. UBS Group boosted their target price on Bumble from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Finally, Susquehanna dropped their target price on Bumble from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, March 7th.

Institutional Investors Weigh In On Bumble

Several institutional investors have recently modified their holdings of BMBL. Ameriprise Financial Inc. lifted its holdings in Bumble by 25.5% in the fourth quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company’s stock valued at $51,953,000 after acquiring an additional 1,298,630 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bumble by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company’s stock valued at $32,279,000 after acquiring an additional 22,136 shares during the period. RPD Fund Management LLC bought a new position in Bumble in the fourth quarter valued at about $30,940,000. Northern Trust Corp lifted its holdings in Bumble by 3.5% in the fourth quarter. Northern Trust Corp now owns 950,014 shares of the company’s stock valued at $7,733,000 after acquiring an additional 32,353 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Bumble by 429.5% in the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company’s stock valued at $6,287,000 after acquiring an additional 626,528 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Price Performance

Shares of BMBL stock opened at $5.31 on Tuesday. The stock has a market cap of $548.48 million, a price-to-earnings ratio of -1.09 and a beta of 1.90. The business’s fifty day moving average is $4.87 and its 200 day moving average is $6.33. Bumble has a twelve month low of $3.55 and a twelve month high of $11.38. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $247.10 million during the quarter, compared to analysts’ expectations of $246.68 million. Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. Bumble’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. Research analysts expect that Bumble will post 4.19 EPS for the current fiscal year.

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.