Bumble (NASDAQ:BMBL) Shares Gap Up to $32.69

Shares of Bumble Inc. (NASDAQ:BMBL) gapped up prior to trading on Thursday . The stock had previously closed at $32.69, but opened at $33.70. Bumble shares last traded at $34.00, with a volume of 11,098 shares traded.

Several research analysts have recently weighed in on the company. Evercore ISI raised Bumble from an “in-line” rating to an “outperform” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research report on Tuesday, November 23rd. Wolfe Research lowered their price objective on Bumble from $50.00 to $46.00 and set a “peer perform” rating for the company in a research report on Thursday, November 11th. Raymond James upgraded Bumble from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Monday, November 29th. Susquehanna Bancshares reduced their target price on Bumble from $70.00 to $58.00 and set a “positive” rating for the company in a research note on Thursday, November 11th. Finally, Jefferies Financial Group reduced their target price on Bumble from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, November 11th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Bumble currently has an average rating of “Buy” and a consensus target price of $57.94.

The firm has a market cap of $4.30 billion and a price-to-earnings ratio of 21.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.66 and a current ratio of 2.66. The business has a 50 day simple moving average of $35.41 and a 200-day simple moving average of $46.38.

Bumble (NASDAQ:BMBL) last announced its earnings results on Wednesday, November 10th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Bumble had a negative return on equity of 2.58% and a net margin of 41.61%. The business had revenue of $200.51 million during the quarter, compared to analysts’ expectations of $197.53 million. As a group, research analysts anticipate that Bumble Inc. will post 0.04 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in BMBL. Evolution Wealth Advisors LLC boosted its stake in shares of Bumble by 120.8% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 680 shares of the company’s stock worth $34,000 after buying an additional 372 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Bumble in the 2nd quarter worth approximately $46,000. Geneos Wealth Management Inc. boosted its stake in shares of Bumble by 405.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 935 shares of the company’s stock worth $47,000 after buying an additional 750 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Bumble in the 3rd quarter worth approximately $52,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Bumble in the 3rd quarter worth approximately $100,000.

Bumble Company Profile (NASDAQ:BMBL)

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 credit-based dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis.

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