Bumble Inc. (NASDAQ:BMBL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bumble Inc. (NASDAQ:BMBLGet Rating) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.88.

A number of equities research analysts have recently issued reports on BMBL shares. BTIG Research reduced their price target on shares of Bumble from $38.00 to $25.00 in a research note on Thursday, November 10th. Piper Sandler reduced their price target on shares of Bumble from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, November 10th. KeyCorp started coverage on shares of Bumble in a research note on Monday, October 31st. They set a “sector weight” rating on the stock. Raymond James cut their target price on shares of Bumble from $37.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Finally, Cowen cut their target price on shares of Bumble from $38.00 to $33.00 in a research note on Thursday, November 10th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BMBL. Whittier Trust Co. acquired a new position in shares of Bumble in the 1st quarter valued at $29,000. Neo Ivy Capital Management acquired a new position in shares of Bumble in the 3rd quarter valued at $29,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Bumble by 50.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock valued at $35,000 after buying an additional 546 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Bumble in the 2nd quarter valued at $35,000. Finally, Castle Wealth Management LLC acquired a new position in shares of Bumble in the 2nd quarter valued at $52,000.

Bumble Price Performance

Bumble stock opened at $23.11 on Monday. The company’s 50 day simple moving average is $23.28 and its 200-day simple moving average is $27.55. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 144.45 and a beta of 1.90. Bumble has a 1 year low of $15.41 and a 1 year high of $39.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.97 and a current ratio of 3.24.

Bumble Company Profile

(Get Rating)

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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.

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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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