Wells Fargo & Company Has Lowered Expectations for Bumble (NASDAQ:BMBL) Stock Price

Bumble (NASDAQ:BMBL) had its price target lowered by investment analysts at Wells Fargo & Company from $5.00 to $4.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 40.60% from the stock’s current price.

BMBL has been the subject of a number of other reports. Susquehanna decreased their price target on Bumble from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 price target on shares of Bumble in a research note on Wednesday, May 6th. The Goldman Sachs Group lowered their target price on Bumble from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Bumble in a research note on Tuesday. Finally, Wall Street Zen raised Bumble from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $4.08.

Bumble Trading Down 0.2%

Shares of BMBL traded down $0.01 during trading on Friday, reaching $2.85. 407,635 shares of the company traded hands, compared to its average volume of 3,554,880. The stock has a 50-day simple moving average of $2.98 and a 200-day simple moving average of $3.27. The stock has a market cap of $369.34 million, a PE ratio of -0.67, a price-to-earnings-growth ratio of 0.10 and a beta of 1.87. Bumble has a twelve month low of $2.54 and a twelve month high of $7.37. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58.

Bumble (NASDAQ:BMBL) last posted its earnings results on Wednesday, August 5th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.09). The firm had revenue of $210.53 million for the quarter, compared to analyst estimates of $210.46 million. Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.Bumble’s revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the company posted ($2.45) EPS. On average, analysts anticipate that Bumble will post 1.03 earnings per share for the current year.

Insider Transactions at Bumble

In other Bumble news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the transaction, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This represents a 99.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Holdings Gp Man Blackstone III sold 7,477,500 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,954,026 shares of company stock worth $113,182,633 in the last ninety days. Company insiders own 15.35% of the company’s stock.

Institutional Trading of Bumble

Several institutional investors have recently made changes to their positions in BMBL. Cerity Partners LLC boosted its holdings in shares of Bumble by 16.7% during the second quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after acquiring an additional 2,857 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Bumble by 19.8% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock worth $92,000 after acquiring an additional 4,270 shares during the period. State of Wyoming increased its holdings in shares of Bumble by 59.8% in the 4th quarter. State of Wyoming now owns 12,017 shares of the company’s stock worth $43,000 after acquiring an additional 4,499 shares during the period. Wexford Capital LP bought a new stake in Bumble in the 3rd quarter valued at about $31,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in Bumble by 21.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,724 shares of the company’s stock valued at $187,000 after purchasing an additional 5,444 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.