Bumble Inc. (NASDAQ:BMBL) Receives $4.36 Consensus PT from Analysts
by Amy Steele · The Cerbat GemBumble Inc. (NASDAQ:BMBL – Get Free Report) has received a consensus recommendation of “Reduce” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $4.3615.
BMBL has been the subject of a number of recent research reports. BTIG Research reiterated a “neutral” rating on shares of Bumble in a research note on Monday, March 16th. Susquehanna reissued a “neutral” rating and issued a $3.50 price objective on shares of Bumble in a research report on Thursday, March 12th. TD Cowen restated a “hold” rating and issued a $5.00 price objective on shares of Bumble in a report on Thursday, March 12th. Citigroup boosted their target price on shares of Bumble from $3.80 to $3.90 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. upgraded Bumble from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 12th.
Insiders Place Their Bets
In related news, major shareholder – Nq L.L.C. Btoa sold 7,477,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares of the company’s stock, valued at $90,670.32. This represents a 99.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Buzz Holdings L.P. Bcp sold 7,477,504 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the sale, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. The trade was a 99.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,910,016 shares of company stock worth $104,984,156 over the last 90 days. Insiders own 15.84% of the company’s stock.
Hedge Funds Weigh In On Bumble
Several hedge funds have recently made changes to their positions in BMBL. Tudor Investment Corp ET AL purchased a new stake in Bumble in the 3rd quarter valued at $6,013,000. Vanguard Group Inc. lifted its position in Bumble by 52.0% in the third quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after purchasing an additional 3,820,205 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Bumble during the 3rd quarter worth approximately $3,104,000. Jupiter Asset Management Ltd. purchased a new position in shares of Bumble during the 3rd quarter worth approximately $3,570,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Bumble by 533.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 313,899 shares of the company’s stock valued at $1,912,000 after buying an additional 264,312 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.
Bumble Stock Performance
Shares of Bumble stock opened at $4.27 on Friday. The business has a 50-day simple moving average of $3.44 and a 200-day simple moving average of $3.78. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.21 and a current ratio of 2.21. Bumble has a one year low of $2.61 and a one year high of $8.64. The company has a market cap of $554.33 million, a PE ratio of -0.71, a P/E/G ratio of 0.15 and a beta of 1.86.
About Bumble
Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”
Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.