Bumble (NASDAQ:BMBL - Get Free Report) had its price target cut by Susquehanna from $6.00 to $5.00 in a research note issued on Friday, Marketbeat reports. The brokerage currently has a "neutral" rating on the stock. Susquehanna's target price suggests a potential upside of 3.73% from the company's previous close.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Bumble from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on Bumble from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Evercore ISI lowered their target price on shares of Bumble from $8.00 to $7.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Piper Sandler reduced their price target 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. Finally, The Goldman Sachs Group increased their price objective on shares of Bumble from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.52.
Get Our Latest Analysis on BMBL
Bumble Stock Down 2.0 %
NASDAQ:BMBL traded down $0.10 on Friday, reaching $4.82. 3,644,148 shares of the stock traded hands, compared to its average volume of 3,018,221. The company's fifty day simple moving average is $7.21 and its 200 day simple moving average is $7.31. The company has a market capitalization of $508.73 million, a price-to-earnings ratio of -0.99 and a beta of 1.77. Bumble has a 12 month low of $4.58 and a 12 month high of $12.49. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Bumble by 20.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company's stock valued at $60,000 after purchasing an additional 1,249 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Bumble by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 63,994 shares of the company's stock valued at $521,000 after buying an additional 1,666 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of 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 buying an additional 2,157 shares in 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 worth $841,000 after buying an additional 2,760 shares during the period. Finally, Aigen Investment Management LP increased its stake 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 buying an additional 3,853 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors.
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.
Further Reading
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