Susquehanna Lowers Bumble (NASDAQ:BMBL) Price Target to $5.00

Bumble (NASDAQ:BMBL) had its target price lowered by stock analysts at Susquehanna from $6.00 to $5.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target suggests a potential downside of 1.57% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on Bumble from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Wolfe Research lowered Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Citigroup decreased their target price on Bumble from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley raised their target price on Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.52.

Bumble Stock Performance

NASDAQ BMBL opened at $5.08 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble has a 1-year low of $4.58 and a 1-year high of $12.49. The firm has a market capitalization of $549.56 million, a P/E ratio of -1.04 and a beta of 1.77. The business’s 50-day simple moving average is $7.28 and its 200-day simple moving average is $7.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Bumble during the fourth quarter worth about $149,000. Mackenzie Financial Corp acquired a new stake in Bumble during the fourth quarter valued at approximately $406,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bumble by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 231,876 shares of the company’s stock worth $1,887,000 after buying an additional 48,207 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Bumble in the 4th quarter worth approximately $98,000. Finally, Two Sigma Investments LP bought a new stake in shares of Bumble in the 4th quarter valued at approximately $476,000. 94.85% of the stock is owned by institutional investors and hedge funds.

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.