Bumble (NASDAQ:BMBL) Receives “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Bumble (NASDAQ:BMBL) in a research report released on Tuesday, Marketbeat reports. The firm currently has a $5.00 target price on the stock.

BMBL has been the subject of a number of other reports. Citigroup decreased their price target on shares of Bumble from $6.80 to $4.80 and set a “neutral” rating for the company in a report on Friday, April 25th. Piper Sandler cut their price objective on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada cut their price objective on shares of Bumble from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. UBS Group upped their price objective on shares of Bumble from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company dropped their price target on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bumble presently has an average rating of “Hold” and a consensus target price of $6.58.

Bumble Stock Down 6.4%

BMBL stock opened at $5.37 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 2.09. Bumble has a 52-week low of $3.55 and a 52-week high of $12.03. The company has a 50-day moving average of $4.81 and a two-hundred day moving average of $6.38. The stock has a market capitalization of $554.67 million, a price-to-earnings ratio of -1.10 and a beta of 1.76.

Bumble (NASDAQ:BMBL) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Bumble had a negative net margin of 54.19% and a positive return on equity of 3.31%. The firm had revenue of $247.10 million for the quarter, compared to the consensus estimate of $246.68 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Bumble will post 4.19 EPS for the current year.

Institutional Trading of Bumble

Several large investors have recently added to or reduced their stakes in the company. RPD Fund Management LLC bought a new stake in shares of Bumble during the fourth quarter valued at approximately $30,940,000. Ameriprise Financial Inc. grew its stake in shares of Bumble by 25.5% during the fourth quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company’s stock valued at $51,953,000 after purchasing an additional 1,298,630 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Bumble during the first quarter valued at approximately $3,231,000. RBF Capital LLC bought a new stake in shares of Bumble during the fourth quarter valued at approximately $5,157,000. Finally, First Trust Advisors LP grew its stake in shares of Bumble by 429.5% during the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company’s stock valued at $6,287,000 after purchasing an additional 626,528 shares during the last quarter. 94.85% of the stock is owned by institutional investors.

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.