Bumble Inc. (NASDAQ:BMBL) Given Average Rating of “Hold” by Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have received a consensus rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.38.

Several equities research analysts recently commented on BMBL shares. Susquehanna boosted their price objective on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective (up from $7.00) on shares of Bumble in a research report on Thursday, November 7th. KeyCorp lowered shares of Bumble from an “overweight” rating to a “sector weight” rating in a research report on Friday, September 27th. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BMBL. Point72 Asset Management L.P. acquired a new position in shares of Bumble during the 2nd quarter valued at about $24,121,000. The Manufacturers Life Insurance Company grew its holdings in shares of Bumble by 17.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,042,599 shares of the company’s stock worth $21,468,000 after purchasing an additional 297,057 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Bumble by 470.7% during the 3rd quarter. Victory Capital Management Inc. now owns 250,025 shares of the company’s stock worth $1,595,000 after purchasing an additional 206,215 shares during the period. AXA S.A. grew its holdings in shares of Bumble by 1,589.8% during the 2nd quarter. AXA S.A. now owns 191,064 shares of the company’s stock worth $2,008,000 after purchasing an additional 179,757 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Bumble during the 2nd quarter worth about $1,716,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Price Performance

Bumble stock opened at $7.56 on Friday. Bumble has a 52 week low of $4.80 and a 52 week high of $14.65. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $8.15 and its 200 day simple moving average is $7.73. The firm has a market capitalization of $817.86 million, a PE ratio of -1.55 and a beta of 1.70.

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.