Bumble Inc. (NASDAQ:BMBL – Get Free Report) has been assigned an average recommendation of “Reduce” from the seventeen research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.3250.
A number of equities research analysts have recently commented on BMBL shares. Morgan Stanley increased their target price on Bumble from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.00 target price on shares of Bumble in a research note on Wednesday, May 6th. TD Cowen reissued a “hold” rating and issued a $5.00 target price on shares of Bumble in a research note on Thursday, March 12th. Susquehanna reissued a “neutral” rating and issued a $3.50 target price on shares of Bumble in a research note on Thursday, March 12th. Finally, Zacks Research raised Bumble from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th.
Check Out Our Latest Stock Analysis on Bumble
Bumble Stock Performance
Bumble (NASDAQ:BMBL – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Bumble had a positive return on equity of 32.66% and a negative net margin of 72.04%.The business had revenue of $212.38 million for the quarter, compared to the consensus estimate of $211.59 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that Bumble will post 0.99 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Ann Mather sold 22,013 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $2.79, for a total value of $61,416.27. Following the completion of the transaction, the director directly owned 117,853 shares in the company, valued at $328,809.87. The trade was a 15.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the transaction, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,954,026 shares of company stock worth $113,182,633 over the last 90 days. 15.35% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Bumble
A number of hedge funds have recently added to or reduced their stakes in BMBL. Royal Bank of Canada raised its holdings in Bumble by 409.3% in the 1st quarter. Royal Bank of Canada now owns 325,121 shares of the company’s stock worth $1,410,000 after acquiring an additional 261,281 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bumble during the 1st quarter valued at about $117,000. JPMorgan Chase & Co. boosted its holdings in shares of Bumble by 709.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 713,855 shares of the company’s stock valued at $4,704,000 after acquiring an additional 625,631 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Bumble during the 2nd quarter valued at about $392,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Bumble by 31.1% during the 2nd quarter. New York State Common Retirement Fund now owns 25,631 shares of the company’s stock valued at $169,000 after acquiring an additional 6,077 shares during the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.
About Bumble
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.
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