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

Bumble Inc. (NASDAQ:BMBL) has earned a consensus rating of “Hold” from the eighteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.12.

Several equities analysts have recently commented on BMBL shares. Morgan Stanley lowered their price target on shares of Bumble from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Evercore ISI cut their price target 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. Royal Bank of Canada lowered their price target on Bumble from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup cut their price objective on shares of Bumble from $8.00 to $6.80 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th.

Hedge Funds Weigh In On Bumble

A number of institutional investors have recently made changes to their positions in BMBL. Ameriprise Financial Inc. boosted its stake in Bumble by 25.5% during the 4th 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Bumble by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company’s stock worth $32,279,000 after buying an additional 22,136 shares during the last quarter. RPD Fund Management LLC bought a new stake in shares of Bumble in the fourth quarter valued at approximately $30,940,000. Geode Capital Management LLC grew its stake in shares of Bumble by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,330,678 shares of the company’s stock worth $14,872,000 after acquiring an additional 14,889 shares during the last quarter. Finally, Northern Trust Corp increased its position in Bumble by 3.5% during the fourth quarter. Northern Trust Corp now owns 950,014 shares of the company’s stock worth $7,733,000 after acquiring an additional 32,353 shares during the period. 94.85% of the stock is currently owned by institutional investors.

Bumble Stock Performance

Shares of BMBL opened at $3.95 on Monday. The company has a market capitalization of $416.91 million, a PE ratio of -0.81 and a beta of 1.77. 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 company’s 50 day moving average price is $5.40 and its 200 day moving average price is $6.92. Bumble has a 52 week low of $3.55 and a 52 week high of $12.49.

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.