Bumble (NASDAQ:BMBL) Rating Reiterated by Raymond James

Bumble (NASDAQ:BMBL)‘s stock had its “market perform” rating reiterated by analysts at Raymond James in a research report issued on Thursday, MarketBeat Ratings reports.

Other analysts also recently issued reports about the company. Susquehanna decreased their target price on Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. BTIG Research decreased their target price on Bumble from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $16.00 target price on shares of Bumble in a research report on Wednesday, February 28th. Wells Fargo & Company started coverage on Bumble in a research note on Thursday, December 7th. They set an “overweight” rating and a $19.00 price target on the stock. Finally, KeyCorp cut their price target on Bumble from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.52.

Bumble Stock Down 2.6 %

Shares of BMBL opened at $10.53 on Thursday. The company has a market cap of $1.36 billion, a PE ratio of -351.00, a P/E/G ratio of 0.32 and a beta of 1.68. The business has a fifty day moving average of $12.08 and a 200 day moving average of $13.48. Bumble has a 52-week low of $10.36 and a 52-week high of $21.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.44.

Bumble (NASDAQ:BMBL) last released its earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The business had revenue of $273.64 million for the quarter, compared to the consensus estimate of $275.38 million. On average, sell-side analysts expect that Bumble will post 0.66 EPS for the current year.

Insider Buying and Selling at Bumble

In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of Bumble stock in a transaction dated Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total value of $27,853,407.60. Following the transaction, the insider now owns 12,802 shares in the company, valued at $142,102.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Bumble

Several institutional investors and hedge funds have recently added to or reduced their stakes in BMBL. Point72 Hong Kong Ltd purchased a new stake in shares of Bumble during the second quarter worth about $35,000. Public Employees Retirement System of Ohio grew its stake in shares of 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 acquiring an additional 546 shares during the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Bumble during the first quarter worth about $37,000. Headlands Technologies LLC grew its stake in shares of Bumble by 98.6% during the fourth quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock worth $32,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Natixis purchased a new stake in shares of Bumble during the second quarter worth about $48,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

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.