Bumble Inc. (NASDAQ:BMBL) Receives $4.33 Average PT from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus recommendation of “Reduce” from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $4.3250.

BMBL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Bumble in a report on Monday, March 16th. Weiss Ratings cut shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. Wells Fargo & Company cut their price target on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. William Blair restated an “outperform” rating on shares of Bumble in a research report on Monday, March 16th. Finally, BTIG Research restated a “neutral” rating on shares of Bumble in a research report on Monday, March 16th.

Bumble Trading Down 3.3%

NASDAQ BMBL opened at $2.96 on Friday. The stock has a market capitalization of $384.27 million, a P/E ratio of -0.51, a P/E/G ratio of 0.10 and a beta of 1.89. Bumble has a 52-week low of $2.61 and a 52-week high of $8.64. The firm has a 50-day moving average price of $3.46 and a 200 day moving average price of $3.42. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The firm had revenue of $212.38 million during the quarter, compared to analysts’ expectations of $211.59 million. Bumble had a negative net margin of 72.04% and a positive return on equity of 32.66%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Equities research analysts expect that Bumble will post 0.99 EPS for the current year.

Insider Activity

In other Bumble news, Director Sissie L. Hsiao sold 22,013 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director directly owned 126,687 shares in the company, valued at approximately $353,456.73. This represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Mather sold 22,013 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director owned 117,853 shares in the company, valued at $328,809.87. The trade was a 15.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 15.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Bumble by 52.0% during the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock worth $67,989,000 after buying an additional 3,820,205 shares during the period. Saba Capital Management L.P. grew its position in Bumble by 52.6% during the fourth quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock worth $19,055,000 after buying an additional 1,838,923 shares during the period. Dimensional Fund Advisors LP grew its position in Bumble by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock worth $29,735,000 after buying an additional 466,646 shares during the period. Renaissance Technologies LLC grew its position in Bumble by 48.6% during the first quarter. Renaissance Technologies LLC now owns 4,213,887 shares of the company’s stock worth $13,737,000 after buying an additional 1,378,487 shares during the period. Finally, Bank of America Corp DE grew its position in Bumble by 36.2% during the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock worth $15,396,000 after buying an additional 671,907 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.

About Bumble

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.