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

Bumble Inc. (NASDAQ:BMBL) has received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.05.

Several equities analysts have weighed in on BMBL shares. Wells Fargo & Company dropped their price objective on Bumble from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday. Stifel Nicolaus lowered their price target on Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday. Susquehanna lowered their price target on Bumble from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley boosted their price target on Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group boosted their price target on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Institutional Investors Weigh In On Bumble

A number of institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Bumble during the 4th quarter valued at about $56,000. Tower Research Capital LLC TRC boosted its position in shares of Bumble by 20.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company’s stock valued at $60,000 after purchasing an additional 1,249 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Bumble during the 3rd quarter valued at about $71,000. Capital Management Associates Inc bought a new stake in shares of Bumble during the 3rd quarter valued at about $74,000. Finally, D.A. Davidson & CO. bought a new stake in shares of Bumble during the 3rd quarter valued at about $77,000. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

Shares of NASDAQ BMBL opened at $5.21 on Friday. The stock has a market capitalization of $564.05 million, a PE ratio of -1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. The business has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $7.39. Bumble has a fifty-two week low of $4.80 and a fifty-two week high of $13.36.

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.