Morgan Stanley Cuts Bumble (NASDAQ:BMBL) Price Target to $3.50

Bumble (NASDAQ:BMBL) had its target price decreased by research analysts at Morgan Stanley from $6.00 to $3.50 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 2.49% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Zacks Research upgraded shares of Bumble to a “hold” rating in a research report on Friday, August 8th. The Goldman Sachs Group lowered their target price on shares of Bumble from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Susquehanna decreased their price target on Bumble from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research note on Tuesday, October 14th. Finally, UBS Group decreased their target price on Bumble from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Twelve research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.17.

Bumble Stock Performance

Shares of Bumble stock traded down $0.10 on Wednesday, hitting $3.42. 730,256 shares of the company’s stock were exchanged, compared to its average volume of 3,232,235. Bumble has a 1 year low of $3.42 and a 1 year high of $9.22. The company has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $6.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.55 and a current ratio of 3.55. The stock has a market capitalization of $385.01 million, a PE ratio of 3.05, a PEG ratio of 0.10 and a beta of 1.93.

Bumble (NASDAQ:BMBL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $246.16 million for the quarter, compared to analysts’ expectations of $244.19 million. Bumble had a negative net margin of 19.82% and a positive return on equity of 10.85%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($5.11) earnings per share. Bumble has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Bumble will post 4.19 EPS for the current year.

Hedge Funds Weigh In On Bumble

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Bumble by 52.0% during the 3rd 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Bumble by 10.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,882,350 shares of the company’s stock worth $29,735,000 after acquiring an additional 466,646 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in Bumble in the second quarter valued at approximately $30,127,000. Bank of America Corp DE increased 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 period. Finally, Two Sigma Investments LP raised its stake in shares of Bumble by 34.1% during the 3rd quarter. Two Sigma Investments LP now owns 1,647,519 shares of the company’s stock valued at $10,033,000 after buying an additional 418,506 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

About Bumble

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.