Bumble (NASDAQ:BMBL - Free Report) had its target price reduced by The Goldman Sachs Group from $10.00 to $8.00 in a research report released on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley decreased their price objective on Bumble from $8.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Royal Bank of Canada lowered their price target on shares of Bumble from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Citigroup reduced their price objective on shares of Bumble from $8.00 to $6.80 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Susquehanna decreased their price target on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Stifel Nicolaus lowered their price objective on shares of Bumble from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $7.25.
Read Our Latest Stock Analysis on BMBL
Bumble Trading Down 1.9 %
Shares of BMBL traded down $0.09 during midday trading on Monday, hitting $4.53. The stock had a trading volume of 5,658,846 shares, compared to its average volume of 3,015,234. 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 1 year low of $4.47 and a 1 year high of $12.49. The firm has a market cap of $478.12 million, a PE ratio of -0.93 and a beta of 1.77. The stock's 50 day moving average is $6.70 and its 200 day moving average is $7.19.
Institutional Trading of Bumble
Several institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Bumble in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC boosted its stake in Bumble by 20.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after buying an additional 1,249 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Bumble during the third quarter worth about $77,000. Quantinno Capital Management LP bought a new position in shares of Bumble in the third quarter valued at about $90,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Bumble by 56.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,100 shares of the company's stock worth $90,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.
Bumble Company Profile
(
Get Free Report)
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
Before you consider Bumble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bumble wasn't on the list.
While Bumble currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
