Susquehanna Cuts Bumble (NASDAQ:BMBL) Price Target to $6.00

Bumble (NASDAQ:BMBL) had its price objective reduced by Susquehanna from $8.00 to $6.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also weighed in on BMBL. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Evercore ISI cut their price objective on shares of Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price objective on shares of Bumble from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Piper Sandler cut their price objective on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.05.

Bumble Stock Performance

NASDAQ:BMBL opened at $5.21 on Thursday. 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 firm has a market capitalization of $564.05 million, a price-to-earnings ratio of -1.07 and a beta of 1.70. The firm’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $7.39. Bumble has a twelve month low of $4.80 and a twelve month high of $13.36.

Institutional Investors Weigh In On Bumble

A number of institutional investors have recently modified their holdings of BMBL. 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 grew 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 buying an additional 1,249 shares during 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 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.