Bumble Inc. (NASDAQ:BMBL) Receives Average Recommendation of "Hold" from Brokerages

Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) have been given an average rating of "Hold" by the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.38.

BMBL has been the topic of a number of research analyst reports. TD Cowen downgraded shares of Bumble from a "buy" rating to a "hold" rating and cut their price target for the stock from $22.00 to $7.50 in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bumble from $11.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. HSBC reiterated a "hold" rating on shares of Bumble in a research note on Friday, August 9th. Stifel Nicolaus upped their price target on Bumble from $6.50 to $7.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Finally, BTIG Research lowered Bumble from a "buy" rating to a "neutral" rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new position in shares of Bumble in the first quarter worth approximately $937,000. SG Americas Securities LLC boosted its position in shares of Bumble by 94.9% during the first quarter. SG Americas Securities LLC now owns 45,482 shares of the company's stock valued at $516,000 after buying an additional 22,146 shares during the last quarter. ProShare Advisors LLC increased its holdings in Bumble by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 18,192 shares of the company's stock worth $206,000 after buying an additional 1,430 shares in the last quarter. Entropy Technologies LP bought a new position in Bumble during the 1st quarter valued at about $175,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Bumble by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company's stock valued at $122,837,000 after acquiring an additional 613,759 shares during the last quarter. Institutional investors own 94.85% of the company's stock.

Bumble Stock Down 4.4 %

Shares of BMBL traded down $0.36 during trading hours on Friday, reaching $7.87. 1,921,190 shares of the stock traded hands, compared to its average volume of 3,121,357. The company has a current ratio of 2.09, a quick ratio of 2.38 and a debt-to-equity ratio of 0.75. The company has a market cap of $995.87 million, a price-to-earnings ratio of -1.61 and a beta of 1.62. Bumble has a 52 week low of $4.80 and a 52 week high of $15.90. The stock has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $8.56.

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.