Bumble (NASDAQ:BMBL) Shares Up 6.4% – Still a Buy?

Bumble Inc. (NASDAQ:BMBL) traded up 6.4% during mid-day trading on Monday . The company traded as high as $7.92 and last traded at $7.98. 325,096 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 2,052,393 shares. The stock had previously closed at $7.50.

Analysts Set New Price Targets

Several research analysts have recently commented on BMBL shares. Susquehanna raised their target price on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Stifel Nicolaus upped their target price on Bumble from $6.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Wolfe Research cut Bumble from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group raised their target price on shares of Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Citigroup increased their price target on shares of Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.50.

Bumble Stock Performance

The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average is $8.08 and its 200 day moving average is $7.52.

Institutional Trading of Bumble

Several institutional investors have recently modified their holdings of BMBL. FNY Investment Advisers LLC acquired a new position in Bumble during the 4th quarter worth about $56,000. SG Americas Securities LLC bought a new position in shares of Bumble during the third quarter worth about $71,000. Capital Management Associates Inc bought a new position in shares of Bumble during the third quarter worth about $74,000. D.A. Davidson & CO. acquired a new position in shares of Bumble in the third quarter worth approximately $77,000. Finally, Quantinno Capital Management LP bought a new stake in Bumble in the third quarter valued at approximately $90,000. Institutional investors 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.