Bumble (NASDAQ:BMBL) Given New $5.00 Price Target at UBS Group

Bumble (NASDAQ:BMBL) had its price target dropped by equities research analysts at UBS Group from $6.50 to $5.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 20.92% from the stock’s current price.

Several other analysts have also recently commented on the company. Zacks Research upgraded Bumble to a “hold” rating in a report on Friday, August 8th. Evercore ISI decreased their target price on shares of Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered shares of Bumble from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from $7.50 to $5.00 in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group dropped their price objective on Bumble from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday. Twelve research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Bumble presently has an average rating of “Reduce” and a consensus price target of $5.38.

Bumble Trading Down 2.9%

NASDAQ BMBL traded down $0.13 during mid-day trading on Monday, reaching $4.14. 2,244,502 shares of the stock were exchanged, compared to its average volume of 3,235,619. The stock has a market capitalization of $430.08 million, a PE ratio of 3.69, a PEG ratio of 0.10 and a beta of 1.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.30 and a current ratio of 3.30. Bumble has a 1-year low of $3.55 and a 1-year high of $9.22. The business’s fifty day simple moving average is $5.99 and its 200 day simple moving average is $6.07.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The business had revenue of $246.16 million for the quarter, compared to analyst estimates of $244.19 million. Bumble had a positive return on equity of 10.42% and a negative net margin of 19.82%.Bumble’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the business earned ($5.11) EPS. Bumble has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Bumble will post 4.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Whitney Wolfe Herd sold 1,365,116 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total value of $8,545,626.16. Following the completion of the sale, the chief executive officer owned 1,598,258 shares in the company, valued at approximately $10,005,095.08. This trade represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings Gp Man Blackstone III sold 16,689,884 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total value of $104,478,673.84. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 68,127,359 shares of company stock valued at $426,476,076. 15.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Bumble

Large investors have recently added to or reduced their stakes in the company. Pale Fire Capital SE bought a new position in Bumble during the first quarter worth $43,000. Vident Advisory LLC bought a new stake in shares of Bumble in the 1st quarter worth approximately $48,000. Teacher Retirement System of Texas bought a new position in Bumble during the 1st quarter worth $49,000. Kestra Private Wealth Services LLC bought a new stake in Bumble in the first quarter valued at $54,000. Finally, HB Wealth Management LLC bought a new stake in Bumble in the first quarter valued at $62,000. 94.85% of the stock is owned by institutional investors and hedge funds.

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.