Bumble (NASDAQ:BMBL – Get Rating) had its target price cut by stock analysts at Susquehanna Bancshares from $33.00 to $24.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Susquehanna Bancshares’ price target indicates a potential upside of 0.59% from the company’s current price.
Several other analysts also recently issued reports on BMBL. BMO Capital Markets raised Bumble from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Wednesday, March 9th. Cowen lifted their price target on Bumble from $36.00 to $38.00 in a research note on Thursday. Piper Sandler dropped their price target on Bumble from $35.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Bumble in a research note on Friday, March 11th. They issued a “hold” rating and a $28.00 price target on the stock. Finally, Zacks Investment Research raised Bumble from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $39.59.
BMBL stock traded up $6.23 during midday trading on Thursday, reaching $23.86. 183,490 shares of the company’s stock traded hands, compared to its average volume of 2,898,751. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 15.56 and a beta of 1.60. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $25.09 and a two-hundred day simple moving average of $31.21. Bumble has a 1-year low of $15.41 and a 1-year high of $61.05.
Bumble (NASDAQ:BMBL – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Bumble had a negative return on equity of 1.73% and a net margin of 41.50%. During the same period last year, the company posted ($0.17) EPS. Equities research analysts forecast that Bumble will post 0.29 EPS for the current year.
In other Bumble news, Director Amy Griffin purchased 35,200 shares of Bumble stock in a transaction that occurred on Thursday, March 17th. The stock was acquired at an average price of $28.37 per share, for a total transaction of $998,624.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Several large investors have recently modified their holdings of BMBL. Morgan Stanley boosted its holdings in shares of Bumble by 2.1% during the second quarter. Morgan Stanley now owns 102,173 shares of the company’s stock worth $5,885,000 after acquiring an additional 2,119 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Bumble by 4.8% during the third quarter. SG Americas Securities LLC now owns 4,361 shares of the company’s stock worth $218,000 after acquiring an additional 200 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Bumble by 26.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,885 shares of the company’s stock worth $394,000 after acquiring an additional 1,626 shares during the period. Raymond James & Associates boosted its holdings in shares of Bumble by 68.9% during the third quarter. Raymond James & Associates now owns 31,187 shares of the company’s stock worth $1,559,000 after acquiring an additional 12,718 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Bumble by 1,288.9% during the third quarter. Deutsche Bank AG now owns 36,638 shares of the company’s stock worth $1,831,000 after acquiring an additional 34,000 shares during the period. Institutional investors own 98.62% of the company’s stock.
Bumble Company Profile (Get Rating)
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.