Bumble (NASDAQ:BMBL) Price Target Lowered to $5.00 at The Goldman Sachs Group

Bumble (NASDAQ:BMBL) had its target price reduced by research analysts at The Goldman Sachs Group from $7.00 to $5.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 17.37% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of Bumble to a “hold” rating in a research report on Friday, August 8th. UBS Group raised their price objective on shares of Bumble from $6.00 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada cut Bumble from a “moderate buy” rating to a “hold” rating and cut their price objective for the company from $7.50 to $5.00 in a research report on Thursday. Evercore ISI decreased their target price on Bumble from $7.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company lowered their target price on Bumble from $7.00 to $5.50 and set an “equal weight” rating for the company in a research note on Thursday. Twelve analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $5.79.

Bumble Trading Up 0.5%

Shares of BMBL stock traded up $0.02 during trading hours on Friday, reaching $4.26. The company’s stock had a trading volume of 3,683,125 shares, compared to its average volume of 3,240,246. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 1.00. Bumble has a one year low of $3.55 and a one year high of $9.22. The stock has a market capitalization of $443.08 million, a P/E ratio of 3.80, a P/E/G ratio of 0.13 and a beta of 1.93. The firm’s fifty day simple moving average is $6.03 and its 200 day simple moving average is $6.05.

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

Insider Transactions at Bumble

In other Bumble news, major shareholder – Nq L.L.C. Btoa sold 16,689,884 shares of Bumble stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Buzz Holdings L.P. Bcp sold 16,689,884 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total value of $104,478,673.84. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 68,127,359 shares of company stock worth $426,476,076. Company insiders own 15.84% of the company’s stock.

Hedge Funds Weigh In On Bumble

Several large investors have recently modified their holdings of BMBL. Vanguard Group Inc. boosted its stake in Bumble by 52.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after purchasing an additional 3,820,205 shares in the last quarter. LSV Asset Management bought a new stake in Bumble during the 3rd quarter valued at about $290,000. Envestnet Asset Management Inc. purchased a new position in Bumble in the third quarter worth about $65,000. Arizona State Retirement System lifted its stake in shares of Bumble by 14.4% in the third quarter. Arizona State Retirement System now owns 26,419 shares of the company’s stock worth $161,000 after buying an additional 3,317 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Bumble by 0.7% during the third quarter. Federated Hermes Inc. now owns 1,181,110 shares of the company’s stock valued at $7,193,000 after buying an additional 8,055 shares during the last quarter. Hedge funds and other institutional investors 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.