Bumble Inc. (NASDAQ:BMBL) Receives Consensus Recommendation of “Reduce” from Brokerages

Bumble Inc. (NASDAQ:BMBL) has earned a consensus recommendation of “Reduce” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.8308.

Several analysts recently commented on BMBL shares. Zacks Research lowered Bumble from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Susquehanna reduced their target price on shares of Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada cut shares of Bumble from a “moderate buy” rating to a “hold” rating and dropped their target price for the stock from $7.50 to $5.00 in a research report on Thursday, November 6th. Wells Fargo & Company reduced their price target on shares of Bumble from $7.00 to $5.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Finally, Jefferies Financial Group decreased their price objective on shares of Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th.

Bumble Price Performance

Shares of Bumble stock opened at $3.57 on Wednesday. The firm has a market cap of $402.48 million, a P/E ratio of 3.19, a price-to-earnings-growth ratio of 0.13 and a beta of 1.95. The firm’s 50-day simple moving average is $3.59 and its 200-day simple moving average is $5.42. Bumble has a twelve month low of $3.18 and a twelve month high of $8.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.55 and a current ratio of 3.55.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bumble had a positive return on equity of 10.85% and a negative net margin of 19.82%.The business had revenue of $246.16 million for the quarter, compared to the consensus estimate of $244.19 million. During the same quarter in the prior year, the business earned ($5.11) EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, research analysts expect that Bumble will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Bumble

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Bumble by 52.0% in the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after buying an additional 3,820,205 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bumble by 10.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock valued at $29,735,000 after acquiring an additional 466,646 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in Bumble in the 2nd quarter valued at about $30,127,000. Bank of America Corp DE raised its stake in shares of Bumble by 36.2% in the third quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock worth $15,396,000 after acquiring an additional 671,907 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Bumble by 34.1% during the third quarter. Two Sigma Investments LP now owns 1,647,519 shares of the company’s stock worth $10,033,000 after purchasing an additional 418,506 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.