Bumble Inc. (NASDAQ:BMBL) Given Consensus Rating of “Hold” by Analysts

Bumble Inc. (NASDAQ:BMBL) has received a consensus recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.38.

A number of research firms recently commented on BMBL. Bank of America lowered shares of Bumble from a “buy” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $5.50 in a report on Thursday, August 8th. Susquehanna upped their price target on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, November 11th. TD Cowen lowered shares of Bumble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $22.00 to $7.50 in a report on Friday, August 16th. HSBC restated a “hold” rating on shares of Bumble in a report on Friday, August 9th. Finally, Hsbc Global Res lowered shares of Bumble from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th.

Institutional Trading of Bumble

Several hedge funds have recently bought and sold shares of BMBL. Point72 Asset Management L.P. purchased a new stake in Bumble in the 2nd quarter worth $24,121,000. Vanguard Group Inc. increased its holdings in shares of Bumble by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company’s stock worth $122,837,000 after buying an additional 613,759 shares during the last quarter. Archon Capital Management LLC bought a new stake in shares of Bumble in the 1st quarter worth about $6,370,000. Joho Capital LLC bought a new stake in shares of Bumble in the 1st quarter worth about $6,242,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Bumble in the 1st quarter worth about $4,563,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Bumble Price Performance

Shares of Bumble stock opened at $7.82 on Friday. Bumble has a 52-week low of $4.80 and a 52-week high of $15.90. The stock has a market capitalization of $845.98 million, a price-to-earnings ratio of -1.60 and a beta of 1.62. The company has a fifty day moving average of $6.99 and a 200-day moving average of $8.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09.

About Bumble

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.