Brokerages Set Bumble Inc. (NASDAQ:BMBL) PT at $3.87

Shares of Bumble Inc. (NASDAQ:BMBL) have received a consensus rating of “Reduce” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3.8667.

BMBL has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price target on Bumble from $5.00 to $4.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. UBS Group dropped their price objective on shares of Bumble from $4.50 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Raymond James Financial reissued a “market perform” rating on shares of Bumble in a report on Thursday, June 25th. The Goldman Sachs Group decreased their target price on Bumble from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Bumble from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Insider Buying and Selling at Bumble

In other Bumble news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 19,374 shares in the company, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 22,013 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total transaction of $61,416.27. Following the transaction, the director directly owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. This trade represents a 15.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 29,954,026 shares of company stock worth $113,182,633. 15.35% of the stock is owned by company insiders.

Institutional Trading of Bumble

Hedge funds have recently bought and sold shares of the company. EFG International AG acquired a new position in Bumble during the 4th quarter valued at about $25,000. Wexford Capital LP acquired a new stake in shares of Bumble in the third quarter valued at approximately $31,000. HB Wealth Management LLC acquired a new stake in shares of Bumble in the first quarter valued at approximately $34,000. Oppenheimer & Co. Inc. bought a new stake in shares of Bumble during the fourth quarter valued at approximately $36,000. Finally, StoneX Group Inc. acquired a new position in shares of Bumble during the fourth quarter worth approximately $36,000. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Performance

NASDAQ:BMBL opened at $2.83 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a 50-day moving average of $2.92 and a two-hundred day moving average of $3.18. The stock has a market cap of $373.48 million, a P/E ratio of -0.67, a PEG ratio of 0.14 and a beta of 1.86. Bumble has a 1-year low of $2.54 and a 1-year high of $7.32.

Bumble (NASDAQ:BMBL) last announced its earnings results on Wednesday, August 5th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.09). The business had revenue of $210.53 million for the quarter, compared to analysts’ expectations of $210.46 million. Bumble had a positive return on equity of 35.88% and a negative net margin of 58.99%.The firm’s revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.45) earnings per share. On average, research analysts expect that Bumble will post 0.62 earnings per share for the current fiscal year.

About Bumble

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.