Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of "Hold" from Analysts

Bumble Inc. (NASDAQ:BMBL - Get Free Report) has earned a consensus recommendation of "Hold" from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.05.

BMBL has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on Bumble from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Evercore ISI reduced their price objective on Bumble from $8.00 to $7.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. 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 report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on shares of Bumble from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley lifted their target price on shares of Bumble from $7.50 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th.

Bumble Stock Performance

Shares of BMBL stock traded down $0.14 on Friday, hitting $5.35. The company had a trading volume of 1,273,162 shares, compared to its average volume of 3,072,803. Bumble has a twelve month low of $4.80 and a twelve month high of $13.35. 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 company has a 50-day moving average price of $7.74 and a 200-day moving average price of $7.38. The firm has a market cap of $578.23 million, a P/E ratio of -1.09 and a beta of 1.70.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPD Fund Management LLC acquired a new position in shares of Bumble during the 4th quarter valued at about $30,940,000. Ameriprise Financial Inc. lifted its holdings in Bumble by 25.5% in the fourth quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock worth $51,953,000 after purchasing an additional 1,298,630 shares during the period. RBF Capital LLC bought a new stake in shares of Bumble during the 4th quarter worth about $5,157,000. First Trust Advisors LP lifted its stake in shares of Bumble by 429.5% in the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company's stock worth $6,287,000 after acquiring an additional 626,528 shares during the period. Finally, Barclays PLC raised its stake in shares of Bumble by 202.9% in the 4th quarter. Barclays PLC now owns 553,186 shares of the company's stock worth $4,503,000 after buying an additional 370,568 shares in the last quarter. Institutional investors and hedge funds 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.