Bumble Inc. (NASDAQ:BMBL) Receives Average Recommendation of “Hold” from Analysts

Bumble Inc. (NASDAQ:BMBL) has earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.38.

BMBL has been the subject of a number of research analyst reports. Citigroup boosted their target price on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Susquehanna upped their price objective on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their price objective on Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target (up previously from $7.00) on shares of Bumble in a report on Thursday, November 7th.

Institutional Trading of Bumble

A number of large investors have recently made changes to their positions in BMBL. Innealta Capital LLC acquired a new position in Bumble in the second quarter valued at about $64,000. SG Americas Securities LLC bought a new stake in Bumble during the 3rd quarter worth approximately $71,000. Capital Management Associates Inc acquired a new stake in Bumble during the 3rd quarter worth approximately $74,000. D.A. Davidson & CO. bought a new position in Bumble in the third quarter valued at approximately $77,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Bumble in the second quarter valued at approximately $82,000. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

Bumble stock opened at $8.62 on Tuesday. Bumble has a 52 week low of $4.80 and a 52 week high of $15.90. The firm has a market cap of $932.51 million, a P/E ratio of -1.76 and a beta of 1.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The business’s fifty day moving average is $7.57 and its two-hundred day moving average is $8.21.

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.