Bumble (NASDAQ:BMBL) Given New $6.00 Price Target at Stifel Nicolaus

Bumble (NASDAQ:BMBL - Free Report) had its price target lowered by Stifel Nicolaus from $7.00 to $6.00 in a research report sent to investors on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

BMBL has been the topic of a number of other reports. The Goldman Sachs Group increased their target price on Bumble from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Wolfe Research cut Bumble from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Morgan Stanley increased their target price on Bumble from $7.50 to $8.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Piper Sandler restated a "neutral" rating and set a $8.00 price objective (up from $7.00) on shares of Bumble in a research note on Thursday, November 7th. Finally, Citigroup dropped 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.05.

Bumble Stock Down 4.7 %

Shares of BMBL traded down $0.26 during trading hours on Wednesday, reaching $5.21. The stock had a trading volume of 5,748,717 shares, compared to its average volume of 3,005,158. Bumble has a 12 month low of $4.80 and a 12 month high of $13.36. The firm has a 50-day simple moving average of $7.92 and a 200 day simple moving average of $7.42. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $564.05 million, a price-to-earnings ratio of -1.07 and a beta of 1.70.

Institutional Investors Weigh In On Bumble

Several large investors have recently made changes to their positions in the business. Mackenzie Financial Corp purchased a new stake in shares of Bumble during the 4th quarter valued at $406,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bumble by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 231,876 shares of the company's stock valued at $1,887,000 after purchasing an additional 48,207 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Bumble during the 4th quarter valued at $98,000. Two Sigma Investments LP purchased a new stake in Bumble in the 4th quarter worth about $476,000. Finally, RPD Fund Management LLC purchased a new stake in Bumble in the 4th quarter worth about $30,940,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

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.