Bumble (BMBL) Projected to Post Quarterly Earnings on Tuesday

Bumble (NASDAQ:BMBL) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $260.45 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Bumble Price Performance

Shares of BMBL stock opened at $8.46 on Friday. The stock has a 50-day moving average price of $8.05 and a 200 day moving average price of $7.46. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $915.20 million, a price-to-earnings ratio of -1.73 and a beta of 1.70. Bumble has a 12 month low of $4.80 and a 12 month high of $14.08.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Susquehanna lifted their price objective on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Stifel Nicolaus lifted their price objective on Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Wolfe Research lowered Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Piper Sandler restated a “neutral” rating and set a $8.00 target price (up from $7.00) on shares of Bumble in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bumble presently has a consensus rating of “Hold” and an average price target of $8.50.

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.