Bumble (NASDAQ:BMBL) Lowered to “Hold” Rating by Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Bumble (NASDAQ:BMBL) from a moderate buy rating to a hold rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has $5.00 price target on the stock, down from their previous price target of $7.50.

Several other equities research analysts have also issued reports on the stock. Susquehanna reaffirmed a “neutral” rating and issued a $7.00 price objective (up previously from $5.00) on shares of Bumble in a research note on Monday, August 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Bumble in a research note on Friday, October 3rd. Morgan Stanley increased their price target on Bumble from $5.50 to $6.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. UBS Group boosted their price objective on shares of Bumble from $6.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research raised shares of Bumble to a “hold” rating in a report on Friday, August 8th. Twelve investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $5.79.

Bumble Stock Up 0.5%

Shares of NASDAQ:BMBL traded up $0.02 during midday trading on Thursday, hitting $4.26. 3,683,136 shares of the stock were exchanged, compared to its average volume of 3,240,790. The business’s fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $6.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.30 and a current ratio of 3.30. Bumble has a 52-week low of $3.55 and a 52-week high of $9.22. The company has a market capitalization of $443.08 million, a PE ratio of 3.80, a P/E/G ratio of 0.13 and a beta of 1.93.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $246.16 million for the quarter, compared to analyst estimates of $244.19 million. Bumble had a negative net margin of 19.82% and a positive return on equity of 10.42%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($5.11) earnings per share. Bumble has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Bumble will post 4.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Buzz Holdings L.P. Bcp sold 16,689,884 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 68,127,359 shares of company stock worth $426,476,076. 15.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently added to or reduced their stakes in BMBL. Nordea Investment Management AB bought a new position in shares of Bumble in the second quarter valued at approximately $7,337,000. Ieq Capital LLC bought a new position in Bumble in the 1st quarter valued at $113,000. XTX Topco Ltd acquired a new position in Bumble in the first quarter worth $306,000. Principal Financial Group Inc. grew its holdings in shares of Bumble by 7.6% during the first quarter. Principal Financial Group Inc. now owns 170,822 shares of the company’s stock worth $741,000 after purchasing an additional 12,032 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Bumble in the first quarter valued at $49,000. 94.85% of the stock is owned by institutional investors.

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.