Bumble (NASDAQ:BMBL) Price Target Raised to $25.00 at Loop Capital

Bumble (NASDAQ:BMBLGet Rating) had its price target lifted by Loop Capital from $17.00 to $25.00 in a research note released on Tuesday, The Fly reports.

Several other brokerages have also recently commented on BMBL. Susquehanna Bancshares lowered their price target on shares of Bumble to $30.00 in a research report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Bumble from $27.00 to $22.00 in a research note on Thursday, November 10th. Royal Bank of Canada reduced their price objective on shares of Bumble from $33.00 to $23.00 and set an outperform rating on the stock in a research note on Thursday, November 10th. Cowen reduced their price objective on shares of Bumble from $38.00 to $33.00 in a research note on Thursday, November 10th. Finally, KeyCorp assumed coverage on shares of Bumble in a research note on Monday, October 31st. They set a sector weight rating on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $28.11.

Bumble Stock Up 0.4 %

Shares of NASDAQ:BMBL opened at $24.43 on Tuesday. Bumble has a one year low of $15.41 and a one year high of $39.33. The company has a 50 day moving average of $22.53 and a 200-day moving average of $25.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.24 and a quick ratio of 3.24. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 152.70 and a beta of 1.80.

Bumble (NASDAQ:BMBLGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.14 EPS for the quarter. Bumble had a net margin of 2.29% and a return on equity of 0.67%. The company had revenue of $232.64 million during the quarter, compared to analysts’ expectations of $236.89 million. On average, sell-side analysts forecast that Bumble will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Bumble

A number of institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in Bumble by 0.7% during the first quarter. California State Teachers Retirement System now owns 60,437 shares of the company’s stock worth $1,751,000 after buying an additional 401 shares during the last quarter. Whittier Trust Co. increased its holdings in Bumble by 50.1% during the third quarter. Whittier Trust Co. now owns 1,501 shares of the company’s stock worth $32,000 after buying an additional 501 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Bumble by 50.2% during the third quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock worth $35,000 after buying an additional 546 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Bumble by 17.6% during the second quarter. Exchange Traded Concepts LLC now owns 3,704 shares of the company’s stock worth $104,000 after buying an additional 555 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Bumble by 0.7% during the third quarter. New York State Common Retirement Fund now owns 86,352 shares of the company’s stock worth $1,856,000 after buying an additional 628 shares during the last quarter.

About Bumble

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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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