Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Moderate Buy” from Analysts

Bumble Inc. (NASDAQ:BMBL) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $15.89.

BMBL has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $16.00 price objective on shares of Bumble in a research report on Wednesday, February 28th. Raymond James reissued a “market perform” rating on shares of Bumble in a research note on Thursday, April 4th. Piper Sandler reissued a “neutral” rating and issued a $13.00 target price (down previously from $14.00) on shares of Bumble in a research note on Wednesday, February 28th. KeyCorp reduced their target price on shares of Bumble from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Bumble from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th.

Bumble Price Performance

BMBL stock opened at $10.62 on Tuesday. Bumble has a 52 week low of $9.83 and a 52 week high of $21.06. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $11.01 and a two-hundred day simple moving average of $12.37. The firm has a market capitalization of $1.34 billion, a P/E ratio of 62.47 and a beta of 1.72.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The business had revenue of $267.80 million during the quarter, compared to analyst estimates of $265.41 million. During the same quarter last year, the business earned ($0.01) earnings per share. Bumble’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts anticipate that Bumble will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Bumble

In other Bumble news, Director Ann Mather sold 7,492 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $11.41, for a total transaction of $85,483.72. Following the transaction, the director now owns 29,030 shares of the company’s stock, valued at approximately $331,232.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC boosted its stake in Bumble by 98.6% in the 4th quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock worth $32,000 after purchasing an additional 1,092 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Bumble during the 4th quarter valued at approximately $68,000. EverSource Wealth Advisors LLC increased its holdings in shares of Bumble by 73.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company’s stock valued at $77,000 after purchasing an additional 2,210 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Bumble during the 4th quarter valued at approximately $162,000. Finally, FourWorld Capital Management LLC purchased a new position in shares of Bumble during the 1st quarter valued at approximately $165,000. 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.