Bumble Inc. (NASDAQ:BMBL) Given Consensus Rating of “Reduce” by Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus rating of “Reduce” from the eighteen analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.3250.

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Citigroup dropped their price objective on Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $5.00 target price on shares of Bumble in a research note on Wednesday, May 6th. UBS Group lifted their target price on Bumble from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Bumble from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th.

Bumble Stock Down 5.8%

BMBL opened at $2.93 on Wednesday. The company has a 50 day moving average of $3.08 and a 200 day moving average of $3.34. The company has a market cap of $380.37 million, a PE ratio of -0.50, a price-to-earnings-growth ratio of 0.10 and a beta of 1.86. Bumble has a 12 month low of $2.54 and a 12 month high of $8.64. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

Bumble (NASDAQ:BMBL) last issued its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $212.38 million for the quarter, compared to analysts’ expectations of $211.59 million. Bumble had a negative net margin of 72.04% and a positive return on equity of 32.66%. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, sell-side analysts expect that Bumble will post 1.03 EPS for the current year.

Insider Activity at Bumble

In related news, major shareholder Holdings Gp Man Blackstone III sold 7,477,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the transaction, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 19,374 shares in the company, valued at $73,233.72. This represents a 99.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,954,026 shares of company stock valued at $113,182,633 in the last quarter. 15.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bumble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EFG International AG bought a new position in Bumble in the 4th quarter worth about $25,000. Wexford Capital LP bought a new stake in shares of Bumble during the 3rd quarter worth $31,000. HB Wealth Management LLC purchased a new position in Bumble in the first quarter worth $34,000. Oppenheimer & Co. Inc. purchased a new stake in Bumble during the fourth quarter valued at about $36,000. Finally, StoneX Group Inc. bought a new stake in Bumble during the fourth quarter worth about $36,000. 94.85% of the stock is currently 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.