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

Shares of Bumble Inc. (NASDAQ:BMBL) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.68.

Several research firms have recently commented on BMBL. Morgan Stanley initiated coverage on Bumble in a research note on Thursday, April 18th. They set an “equal weight” rating and a $13.00 price target for the company. Raymond James restated a “market perform” rating on shares of Bumble in a research note on Thursday, April 4th. Piper Sandler reiterated a “neutral” rating and set a $13.00 price target (down from $14.00) on shares of Bumble in a research note on Wednesday, February 28th. Susquehanna reduced their price objective on shares of Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $16.00 target price on shares of Bumble in a research report on Wednesday, February 28th.

Bumble Price Performance

Shares of NASDAQ:BMBL opened at $10.14 on Monday. Bumble has a one year low of $9.93 and a one year high of $21.06. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -338.00, a PEG ratio of 0.28 and a beta of 1.67. The company has a 50-day simple moving average of $10.83 and a 200-day simple moving average of $12.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.01.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. The company had revenue of $273.64 million during the quarter, compared to analyst estimates of $275.38 million. On average, analysts predict that Bumble will post 0.66 EPS for the current year.

Insider Buying and Selling at Bumble

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company’s stock in a transaction on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total value of $27,853,407.60. Following the sale, the insider now directly owns 12,802 shares in the company, valued at $142,102.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.84% of the stock is owned by insiders.

Hedge Funds Weigh In On Bumble

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Bumble during the 4th quarter worth $16,112,000. Dimensional Fund Advisors LP lifted its position in Bumble by 39.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,599,267 shares of the company’s stock worth $53,055,000 after buying an additional 1,013,374 shares during the period. Boston Partners acquired a new stake in Bumble in the 4th quarter worth about $10,678,000. Vanguard Group Inc. grew its holdings in Bumble by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 10,208,851 shares of the company’s stock valued at $150,478,000 after purchasing an additional 495,671 shares during the period. Finally, Hudson Bay Capital Management LP increased its position in Bumble by 800.0% during the third quarter. Hudson Bay Capital Management LP now owns 450,000 shares of the company’s stock worth $6,714,000 after purchasing an additional 400,000 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.