Bumble (NASDAQ:BMBL - Get Free Report) had its price objective reduced by stock analysts at Morgan Stanley from $6.00 to $5.50 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price objective points to a potential upside of 34.31% from the company's previous close.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price objective 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 decreased their price objective on Bumble from $8.00 to $6.80 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Susquehanna cut their target price on Bumble from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company decreased their price target on Bumble from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Wolfe Research lowered shares of Bumble from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.09.
View Our Latest Analysis on Bumble
Bumble Stock Performance
NASDAQ BMBL traded up $0.09 on Thursday, hitting $4.10. 397,440 shares of the stock traded hands, compared to its average volume of 3,105,063. Bumble has a 12 month low of $3.55 and a 12 month high of $12.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The business's fifty day moving average is $5.14 and its two-hundred day moving average is $6.87. The firm has a market capitalization of $432.21 million, a price-to-earnings ratio of -0.84 and a beta of 1.77.
Institutional Investors Weigh In On Bumble
Several hedge funds have recently added to or reduced their stakes in BMBL. Ameriprise Financial Inc. raised its holdings in shares of Bumble by 25.5% during the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company's stock valued at $51,953,000 after buying an additional 1,298,630 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bumble by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company's stock worth $32,279,000 after acquiring an additional 22,136 shares during the last quarter. RPD Fund Management LLC purchased a new stake in shares of Bumble in the 4th quarter valued at $30,940,000. Geode Capital Management LLC grew its holdings in shares of Bumble by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,678 shares of the company's stock valued at $14,872,000 after purchasing an additional 14,889 shares during the last quarter. Finally, Northern Trust Corp raised its position in Bumble by 3.5% in the 4th quarter. Northern Trust Corp now owns 950,014 shares of the company's stock worth $7,733,000 after purchasing an additional 32,353 shares during the period. Institutional investors own 94.85% of the company's stock.
About Bumble
(
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.
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