Bumble (BMBL) Set to Announce Earnings on Wednesday

Bumble (NASDAQ:BMBL) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Bumble has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.31). The firm had revenue of $273.64 million for the quarter, compared to the consensus estimate of $275.38 million. Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. On average, analysts expect Bumble to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bumble Price Performance

Shares of Bumble stock opened at $10.14 on Monday. The firm has a market capitalization of $1.31 billion, a PE ratio of -338.00, a price-to-earnings-growth ratio of 0.28 and a beta of 1.67. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. Bumble has a 12 month low of $9.93 and a 12 month high of $21.06. The business’s 50-day moving average price is $10.83 and its 200-day moving average price is $12.91.

Insider Buying and Selling at Bumble

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the firm’s stock in a transaction dated Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the completion of the sale, the insider now directly owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

BMBL has been the topic of a number of recent research reports. KeyCorp reduced their price target on shares of Bumble from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Raymond James reaffirmed a “market perform” rating on shares of Bumble in a research note on Thursday, April 4th. Morgan Stanley began coverage on Bumble in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $13.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Bumble in a research note on Wednesday, February 28th. Finally, BTIG Research dropped their price objective on Bumble from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.68.

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.