Bumble Inc. (NASDAQ:BMBL) Receives $7.25 Average Target Price from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus rating of “Hold” from the nineteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $7.25.

BMBL has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Bumble from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Evercore ISI dropped their price target on Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, Piper Sandler lowered their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th.

Institutional Trading of Bumble

Institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Bumble during the 4th quarter valued at $149,000. Mackenzie Financial Corp purchased a new position in shares of Bumble in the fourth quarter valued at $406,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bumble by 26.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 231,876 shares of the company’s stock valued at $1,887,000 after purchasing an additional 48,207 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Bumble during the 4th quarter valued at $98,000. Finally, Two Sigma Investments LP purchased a new stake in Bumble during the 4th quarter worth about $476,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Bumble Stock Performance

NASDAQ BMBL opened at $4.53 on Thursday. The company has a fifty day moving average price of $6.64 and a 200-day moving average price of $7.18. The firm has a market cap of $478.12 million, a price-to-earnings ratio of -0.93 and a beta of 1.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble has a 1 year low of $4.46 and a 1 year high of $12.49.

About Bumble

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.