Bumble (NASDAQ:BMBL - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Bumble to post earnings of $0.19 per share and revenue of $260.45 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Bumble Price Performance
NASDAQ BMBL traded up $0.06 during trading on Friday, hitting $8.46. 1,897,090 shares of the stock traded hands, compared to its average volume of 1,950,453. The company has a market capitalization of $915.20 million, a P/E ratio of -1.73 and a beta of 1.70. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a 50-day simple moving average of $8.05 and a 200-day simple moving average of $7.47. Bumble has a 12-month low of $4.80 and a 12-month high of $14.08.
Analysts Set New Price Targets
A number of equities analysts have recently commented on BMBL shares. Citigroup lifted their target price on Bumble from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on Bumble from $6.50 to $7.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Wolfe Research lowered Bumble from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group raised their price target on Bumble from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Susquehanna raised their price target on Bumble from $6.00 to $8.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Bumble presently has an average rating of "Hold" and a consensus target price of $8.50.
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About Bumble
(
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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.
See Also
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