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

Shares of Bumble Inc. (NASDAQ:BMBLGet Free Report) have earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.50.

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Piper Sandler restated a “neutral” rating and issued a $8.00 price objective (up from $7.00) on shares of Bumble in a report on Thursday, November 7th. Stifel Nicolaus lifted their target price on Bumble from $6.50 to $7.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Susquehanna upped their price target on Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Morgan Stanley lifted their price objective on Bumble from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th.

Get Our Latest Report on BMBL

Institutional Investors Weigh In On Bumble

A number of hedge funds have recently modified their holdings of BMBL. FNY Investment Advisers LLC purchased a new position in Bumble during the fourth quarter valued at $56,000. SG Americas Securities LLC bought a new position in shares of Bumble in the third quarter worth about $71,000. Capital Management Associates Inc purchased a new position in shares of Bumble during the 3rd quarter valued at about $74,000. D.A. Davidson & CO. bought a new position in shares of Bumble during the 3rd quarter valued at approximately $77,000. Finally, Quantinno Capital Management LP purchased a new stake in Bumble in the 3rd quarter worth approximately $90,000. Institutional investors own 94.85% of the company’s stock.

Bumble Stock Up 0.5 %

BMBL stock opened at $8.02 on Wednesday. The company has a market capitalization of $867.60 million, a price-to-earnings ratio of -1.64 and a beta of 1.70. 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 business’s 50 day moving average price is $8.08 and its two-hundred day moving average price is $7.52. Bumble has a fifty-two week low of $4.80 and a fifty-two week high of $14.48.

About Bumble

(Get Free Report

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.

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Analyst Recommendations for Bumble (NASDAQ:BMBL)

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