Bumble Inc. (NASDAQ:BMBL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have been given an average rating of “Hold” by the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.50.

A number of analysts have recently issued reports on BMBL shares. Piper Sandler reiterated a “neutral” rating and set a $8.00 price target (up previously from $7.00) on shares of Bumble in a research report on Thursday, November 7th. Morgan Stanley lifted their target price on shares of Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Citigroup increased their price target on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, Wolfe Research cut Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Bumble Trading Up 0.5 %

Shares of BMBL stock opened at $8.02 on Wednesday. The company has a market capitalization of $867.60 million, a PE ratio of -1.64 and a beta of 1.70. Bumble has a 52-week low of $4.80 and a 52-week high of $14.48. The business’s fifty day moving average is $8.08 and its 200 day moving average is $7.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09.

Institutional Investors Weigh In On Bumble

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Bumble by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company’s stock worth $841,000 after purchasing an additional 2,760 shares during the period. nVerses Capital LLC lifted its holdings in Bumble by 47.9% in the 3rd quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $114,000 after buying an additional 5,800 shares during the period. Franklin Resources Inc. grew its position in shares of Bumble by 11.3% in the 3rd quarter. Franklin Resources Inc. now owns 62,328 shares of the company’s stock worth $421,000 after buying an additional 6,325 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Bumble during the fourth quarter valued at approximately $56,000. Finally, Versor Investments LP raised its holdings in shares of Bumble by 25.3% during the third quarter. Versor Investments LP now owns 38,600 shares of the company’s stock valued at $246,000 after acquiring an additional 7,800 shares in the last quarter. 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.