Analysts Set Bumble Inc. (NASDAQ:BMBL) PT at $8.05

Shares of Bumble Inc. (NASDAQ:BMBL) have been assigned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $8.05.

A number of analysts recently commented on BMBL shares. Wells Fargo & Company dropped their price target on Bumble from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. 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. Evercore ISI cut their price target on shares of Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada decreased their price objective on shares of Bumble from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Wolfe Research cut shares of Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Institutional Investors Weigh In On Bumble

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new position in shares of Bumble in the fourth quarter worth $406,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bumble by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 231,876 shares of the company’s stock worth $1,887,000 after purchasing an additional 48,207 shares in the last quarter. Wexford Capital LP bought a new position in Bumble in the 4th quarter worth about $98,000. Two Sigma Investments LP purchased a new position in Bumble during the 4th quarter valued at about $476,000. Finally, RPD Fund Management LLC bought a new stake in shares of Bumble during the fourth quarter valued at about $30,940,000. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

Bumble stock opened at $5.50 on Friday. Bumble has a 52 week low of $4.80 and a 52 week high of $13.36. The company’s 50 day moving average price is $7.74 and its two-hundred day moving average price is $7.38. The stock has a market cap of $594.45 million, a P/E ratio of -1.12 and a beta of 1.70. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75.

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.