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

Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.25.

Several equities research analysts have recently issued reports on the company. Susquehanna reduced their price target on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Piper Sandler reduced their target price on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Citigroup dropped their price target on shares of Bumble from $8.00 to $6.80 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on shares of Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Bumble from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th.

Institutional Trading of Bumble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Bumble by 20.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock worth $60,000 after buying an additional 1,249 shares during the last quarter. Franklin Resources Inc. increased its position in Bumble by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock worth $521,000 after acquiring an additional 1,666 shares during the period. Rhumbline Advisers raised its stake in Bumble by 1.4% during the 4th quarter. Rhumbline Advisers now owns 155,006 shares of the company's stock valued at $1,262,000 after purchasing an additional 2,157 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Bumble by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,854 shares of the company's stock valued at $841,000 after purchasing an additional 2,760 shares during the period. Finally, Aigen Investment Management LP grew its position in Bumble by 14.2% in the 4th quarter. Aigen Investment Management LP now owns 31,041 shares of the company's stock worth $253,000 after purchasing an additional 3,853 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

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Bumble Stock Down 1.9 %

BMBL traded down $0.09 during trading on Thursday, reaching $4.53. 5,658,846 shares of the stock traded hands, compared to its average volume of 3,012,544. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble has a fifty-two week low of $4.46 and a fifty-two week high of $12.49. The stock's 50-day simple moving average is $6.64 and its two-hundred day simple moving average is $7.18. The stock has a market cap of $478.12 million, a price-to-earnings ratio of -0.93 and a beta of 1.77.

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.