Bumble Inc. (NASDAQ:BMBL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.50.

BMBL has been the subject of a number of analyst reports. Wolfe Research lowered Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Piper Sandler reissued a “neutral” rating and set a $8.00 target price (up previously from $7.00) on shares of Bumble in a research note on Thursday, November 7th. Citigroup upped 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. Morgan Stanley lifted their price objective on shares of Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upped their target price on shares of Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Bumble Stock Performance

Shares of NASDAQ BMBL opened at $8.64 on Wednesday. The stock has a market cap of $934.69 million, a PE ratio of -1.77 and a beta of 1.70. Bumble has a 1 year low of $4.80 and a 1 year high of $14.08. The firm has a fifty day moving average price of $8.07 and a 200-day moving average price of $7.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09.

Institutional Investors Weigh In On Bumble

Several institutional investors have recently made changes to their positions in BMBL. FNY Investment Advisers LLC bought a new position in Bumble in the 4th quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bumble in the second quarter worth about $111,000. SG Americas Securities LLC bought a new position in shares of Bumble in the third quarter worth about $71,000. Capital Management Associates Inc purchased a new position in Bumble in the 3rd quarter worth about $74,000. Finally, D.A. Davidson & CO. purchased a new stake in Bumble in the 3rd quarter valued at about $77,000. 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.