Bumble Inc. (NASDAQ:BMBL) Receives $8.05 Average Price Target from Analysts

Shares of Bumble Inc. (NASDAQ:BMBL) have received an average rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.59.

A number of brokerages recently weighed in on BMBL. Wells Fargo & Company lowered their target price on shares of Bumble from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group lifted their price objective on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus cut their target price on Bumble from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Evercore ISI decreased their target price on Bumble from $8.00 to $7.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Finally, Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Hedge Funds Weigh In On Bumble

Several institutional investors have recently modified their holdings of the business. RPD Fund Management LLC bought a new stake in Bumble during the fourth quarter worth $30,940,000. Ameriprise Financial Inc. raised its stake in shares of Bumble by 25.5% during the 4th quarter. Ameriprise Financial Inc. now owns 6,382,478 shares of the company’s stock worth $51,953,000 after purchasing an additional 1,298,630 shares during the period. RBF Capital LLC bought a new stake in shares of Bumble during the 4th quarter worth $5,157,000. First Trust Advisors LP boosted its holdings in shares of Bumble by 429.5% in the 4th quarter. First Trust Advisors LP now owns 772,394 shares of the company’s stock worth $6,287,000 after buying an additional 626,528 shares during the last quarter. Finally, Barclays PLC grew its position in Bumble by 202.9% during the fourth quarter. Barclays PLC now owns 553,186 shares of the company’s stock valued at $4,503,000 after buying an additional 370,568 shares during the period. 94.85% of the stock is owned by institutional investors.

Bumble Stock Down 3.4 %

Bumble stock opened at $5.10 on Friday. The firm has a 50 day moving average price of $7.65 and a two-hundred day moving average price of $7.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. Bumble has a 52-week low of $4.80 and a 52-week high of $12.76. The firm has a market cap of $551.73 million, a price-to-earnings ratio of -1.04 and a beta of 1.70.

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.