Brokerages Set Bumble Inc. (NASDAQ:BMBL) PT at $8.38

Shares of Bumble Inc. (NASDAQ:BMBL) have received an average rating of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.38.

Several brokerages recently commented on BMBL. KeyCorp downgraded shares of Bumble from an “overweight” rating to a “sector weight” rating in a research note on Friday, September 27th. The Goldman Sachs Group boosted their target price on Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup raised their price target on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price objective on shares of Bumble from $6.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Susquehanna raised their target price on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On Bumble

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Bumble during the 3rd quarter valued at $71,000. Capital Management Associates Inc bought a new position in Bumble in the third quarter valued at about $74,000. D.A. Davidson & CO. purchased a new position in Bumble in the third quarter worth about $77,000. Meeder Asset Management Inc. bought a new stake in shares of Bumble during the 2nd quarter valued at about $82,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Bumble during the 3rd quarter valued at about $90,000. Institutional investors own 94.85% of the company’s stock.

Bumble Trading Down 6.2 %

Shares of BMBL opened at $7.56 on Friday. Bumble has a fifty-two week low of $4.80 and a fifty-two week high of $15.05. The firm has a market cap of $817.86 million, a price-to-earnings ratio of -1.55 and a beta of 1.70. The firm has a 50 day moving average price of $8.14 and a 200-day moving average price of $7.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09.

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.