Bumble Inc. (NASDAQ:BMBL) Receives $7.12 Average Price Target from Brokerages

Bumble Inc. (NASDAQ:BMBL) has been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.12.

BMBL has been the subject of a number of research reports. Citigroup reduced their target price on shares of Bumble from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their target price on Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Susquehanna dropped their price target on Bumble from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus cut their price target on Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, Wolfe Research cut Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hennessy Advisors Inc. purchased a new position in Bumble during the first quarter worth about $72,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Bumble during the first quarter worth about $396,000. 180 Wealth Advisors LLC increased its position in shares of Bumble by 8.6% in the first quarter. 180 Wealth Advisors LLC now owns 70,019 shares of the company’s stock worth $304,000 after purchasing an additional 5,522 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Bumble in the fourth quarter valued at approximately $149,000. Finally, Mackenzie Financial Corp purchased a new stake in Bumble in the fourth quarter valued at approximately $406,000. Institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

BMBL opened at $4.01 on Monday. Bumble has a fifty-two week low of $3.55 and a fifty-two week high of $12.49. The firm has a 50-day moving average of $5.14 and a 200 day moving average of $6.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market cap of $423.24 million, a P/E ratio of -0.82 and a beta of 1.77.

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.