Bumble (NASDAQ:BMBL – Free Report) had its price objective cut by JPMorgan Chase & Co. from $25.00 to $24.00 in a report published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.
Other equities analysts also recently issued reports about the stock. Raymond James dropped their target price on shares of Bumble from $25.00 to $22.00 and set an outperform rating for the company in a research note on Wednesday, August 9th. Royal Bank of Canada decreased their price objective on Bumble from $27.00 to $23.00 and set an outperform rating on the stock in a research report on Wednesday, August 9th. KeyCorp dropped their target price on Bumble from $25.00 to $24.00 and set an overweight rating for the company in a research report on Monday, August 14th. Loop Capital decreased their price target on Bumble from $19.00 to $18.00 in a report on Tuesday, June 27th. Finally, Piper Sandler boosted their price objective on Bumble from $18.00 to $20.00 in a report on Friday, July 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Bumble has a consensus rating of Moderate Buy and a consensus target price of $25.00.
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Bumble Trading Down 1.1 %
Shares of BMBL stock opened at $15.60 on Wednesday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.13 billion, a P/E ratio of -23.28 and a beta of 1.87. Bumble has a 12-month low of $14.73 and a 12-month high of $27.92. The firm has a 50-day moving average price of $17.35 and a 200 day moving average price of $17.79.
Bumble (NASDAQ:BMBL – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $259.70 million during the quarter, compared to analysts’ expectations of $256.63 million. Bumble had a positive return on equity of 1.82% and a negative net margin of 8.94%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. Research analysts forecast that Bumble will post 0.25 earnings per share for the current fiscal year.
Institutional Trading of Bumble
Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in shares of Bumble by 0.7% during the first quarter. California State Teachers Retirement System now owns 60,437 shares of the company’s stock worth $1,751,000 after acquiring an additional 401 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Bumble by 50.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock valued at $35,000 after purchasing an additional 546 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Bumble by 8.2% in the second quarter. Verition Fund Management LLC now owns 8,282 shares of the company’s stock valued at $233,000 after purchasing an additional 631 shares in the last quarter. State of Wyoming boosted its position in shares of Bumble by 17.8% during the second quarter. State of Wyoming now owns 4,459 shares of the company’s stock worth $75,000 after buying an additional 673 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Bumble by 3.9% during the fourth quarter. Arizona State Retirement System now owns 20,111 shares of the company’s stock worth $423,000 after buying an additional 753 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Bumble Company Profile
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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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.
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