Bumble Inc. (NASDAQ:BMBL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.89.

A number of analysts recently commented on the company. The Goldman Sachs Group dropped their price target on Bumble from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 price target (down previously from $14.00) on shares of Bumble in a research report on Wednesday, February 28th. Evercore ISI boosted their target price on Bumble from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. KeyCorp cut their price objective on Bumble from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, Bank of America upgraded Bumble from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday, May 10th.

Bumble Stock Down 0.2 %

BMBL stock opened at $10.25 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $10.96 and its 200 day moving average is $12.28. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 60.29 and a beta of 1.73. Bumble has a 1-year low of $9.83 and a 1-year high of $21.06.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. Bumble had a net margin of 2.04% and a return on equity of 0.92%. The business had revenue of $267.80 million for the quarter, compared to analysts’ expectations of $265.41 million. During the same period last year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Sell-side analysts predict that Bumble will post 0.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ann Mather sold 7,492 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $11.41, for a total value of $85,483.72. Following the completion of the transaction, the director now directly owns 29,030 shares in the company, valued at $331,232.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 7.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BMBL. Headlands Technologies LLC boosted its stake in shares of Bumble by 98.6% in the fourth quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock worth $32,000 after acquiring an additional 1,092 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Bumble in the 4th quarter valued at $68,000. EverSource Wealth Advisors LLC raised its holdings in shares of Bumble by 73.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,210 shares of the company’s stock valued at $77,000 after buying an additional 2,210 shares during the period. Neo Ivy Capital Management purchased a new stake in Bumble during the 4th quarter worth about $162,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Bumble during the 3rd quarter worth about $177,000. 94.85% of the stock is currently owned by hedge funds and other 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.