Susquehanna Has Lowered Expectations for Bumble (NASDAQ:BMBL) Stock Price

Bumble (NASDAQ:BMBL) had its price target decreased by research analysts at Susquehanna from $7.00 to $4.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective points to a potential upside of 5.63% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Morgan Stanley increased their target price on shares of Bumble from $5.50 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. UBS Group increased their price objective on shares of Bumble from $6.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their price target on Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Zacks Research raised Bumble to a “hold” rating in a research note on Friday, August 8th. Twelve equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bumble presently has an average rating of “Reduce” and an average price target of $5.58.

Bumble Trading Up 0.5%

Shares of BMBL stock opened at $4.26 on Monday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 1.00. The stock has a market cap of $443.08 million, a price-to-earnings ratio of 3.80, a PEG ratio of 0.10 and a beta of 1.93. The company’s 50-day moving average price is $5.99 and its 200-day moving average price is $6.07. Bumble has a twelve month low of $3.55 and a twelve month high of $9.22.

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

Insider Activity at Bumble

In other Bumble news, major shareholder – Nq L.L.C. Btoa sold 16,689,884 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of the business’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 SEC filing for this sale provides additional information. Insiders have sold 68,127,359 shares of company stock worth $426,476,076 over the last quarter. 15.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bumble

Hedge funds and other institutional investors have recently modified their holdings of the company. Pale Fire Capital SE purchased a new stake in shares of Bumble during the 1st quarter worth $43,000. Global Retirement Partners LLC raised its stake in Bumble by 1,760.8% in the third quarter. Global Retirement Partners LLC now owns 10,588 shares of the company’s stock valued at $64,000 after buying an additional 10,019 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Bumble during the 3rd quarter worth about $65,000. Spire Wealth Management acquired a new position in shares of Bumble during the 2nd quarter worth about $71,000. Finally, Castleview Partners LLC purchased a new position in shares of Bumble in the 3rd quarter valued at about $65,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

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.