UBS Group Lowers Bumble (NASDAQ:BMBL) Price Target to $5.00

Bumble (NASDAQ:BMBL) had its target price reduced by stock analysts at UBS Group from $6.50 to $5.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 20.92% from the company’s previous close.

Several other brokerages have also weighed in on BMBL. Zacks Research raised shares of Bumble to a “hold” rating in a research note on Friday, August 8th. Morgan Stanley increased their target price on Bumble from $5.50 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. The Goldman Sachs Group lowered their target price on Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday. Evercore ISI cut their price target on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada cut shares of Bumble from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from $7.50 to $5.00 in a research report on Thursday. Twelve investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.38.

Bumble Price Performance

Shares of BMBL traded down $0.13 during trading hours on Monday, hitting $4.14. 2,244,502 shares of the stock were exchanged, compared to its average volume of 3,235,619. The stock’s 50-day moving average price is $5.99 and its two-hundred day moving average price is $6.07. The company has a market cap of $430.08 million, a price-to-earnings ratio of 3.69, a price-to-earnings-growth ratio of 0.10 and a beta of 1.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.30 and a current ratio of 3.30. Bumble has a 12-month low of $3.55 and a 12-month high of $9.22.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bumble had a negative net margin of 19.82% and a positive return on equity of 10.42%. The business had revenue of $246.16 million during the quarter, compared to analyst estimates of $244.19 million. During the same quarter in the previous year, the company posted ($5.11) EPS. The firm’s revenue was down 10.0% on a year-over-year basis. Bumble has set its Q4 2025 guidance at EPS. Research analysts expect that Bumble will post 4.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Whitney Wolfe Herd sold 1,365,116 shares of Bumble stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $8,545,626.16. Following the completion of the sale, the chief executive officer directly owned 1,598,258 shares of the company’s stock, valued at approximately $10,005,095.08. The trade was a 46.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder – Nq L.L.C. Btoa sold 16,689,884 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total value of $104,478,673.84. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 68,127,359 shares of company stock worth $426,476,076. 15.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bumble

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maple Rock Capital Partners Inc. purchased a new position in shares of Bumble during the 2nd quarter worth approximately $30,127,000. Vanguard Group Inc. grew its holdings in Bumble by 52.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after buying an additional 3,820,205 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Bumble during the 2nd quarter valued at $7,337,000. Cubist Systematic Strategies LLC increased its position in Bumble by 3,714.4% during the second quarter. Cubist Systematic Strategies LLC now owns 923,093 shares of the company’s stock worth $6,083,000 after buying an additional 898,893 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Bumble in the first quarter worth $3,231,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

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 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.