Brokerages Set Bumble Inc. (NASDAQ:BMBL) PT at $4.77

Shares of Bumble Inc. (NASDAQ:BMBL) have been assigned a consensus rating of “Reduce” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.7714.

A number of research firms have recently commented on BMBL. Evercore dropped their price target on Bumble from $7.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday, November 6th. Citigroup lowered their target price on Bumble from $5.50 to $3.80 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Royal Bank Of Canada downgraded 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 report on Thursday, November 6th. Morgan Stanley cut their price target on shares of Bumble from $6.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Finally, UBS Group lowered their price objective on shares of Bumble from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 10th.

Bumble Price Performance

Shares of BMBL stock opened at $2.75 on Friday. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.97. Bumble has a 12-month low of $2.73 and a 12-month high of $8.64. The firm has a fifty day moving average of $3.48 and a 200-day moving average of $4.90. The firm has a market capitalization of $310.04 million, a price-to-earnings ratio of 2.46, a price-to-earnings-growth ratio of 0.10 and a beta of 1.95.

Institutional Trading of Bumble

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Bumble by 409.3% during the first quarter. Royal Bank of Canada now owns 325,121 shares of the company’s stock worth $1,410,000 after buying an additional 261,281 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Bumble in the 1st quarter valued at approximately $117,000. Wealth Enhancement Advisory Services LLC acquired a new position in Bumble during the 2nd quarter worth approximately $217,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Bumble during the 2nd quarter worth approximately $134,000. Finally, CWM LLC raised its holdings in shares of Bumble by 501.1% in the second quarter. CWM LLC now owns 38,446 shares of the company’s stock valued at $253,000 after purchasing an additional 32,050 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.

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.