Bumble (NASDAQ:BMBL) Given New $6.00 Price Target at Stifel Nicolaus

Bumble (NASDAQ:BMBL) had its price target reduced by Stifel Nicolaus from $7.00 to $6.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently issued reports on BMBL. Susquehanna lifted their price target on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Morgan Stanley upped their price target on Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Citigroup lowered their price objective on Bumble from $8.00 to $6.80 and set a “neutral” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group increased their target price on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.18.

Bumble Price Performance

BMBL opened at $5.64 on Wednesday. Bumble has a 12-month low of $4.80 and a 12-month high of $13.56. The company has a market cap of $610.14 million, a price-to-earnings ratio of -1.15 and a beta of 1.70. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $7.98 and a two-hundred day simple moving average of $7.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Bumble during the 3rd quarter valued at $71,000. Creative Planning increased its position in Bumble by 437.5% during the third quarter. Creative Planning now owns 54,055 shares of the company’s stock valued at $345,000 after acquiring an additional 43,998 shares during the last quarter. Capital Management Associates Inc bought a new position in Bumble in the third quarter valued at about $74,000. Westbourne Investment Advisors Inc. boosted its position in Bumble by 17.1% in the third quarter. Westbourne Investment Advisors Inc. now owns 410,811 shares of the company’s stock worth $2,621,000 after purchasing an additional 59,970 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Bumble during the 3rd quarter valued at about $246,000. 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.