Shares of Bumble Inc. (NASDAQ:BMBL – Get a score) have been given an average rating of “Moderate Buy” by the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.88.
BMBL has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Bumble from $39.00 to $35.00 in a research report on Tuesday, October 4th. Royal Bank of Canada cut their price target on shares of Bumble from $33.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. Raymond James cut their price objective on shares of Bumble from $37.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. Susquehanna boosted their target price on shares of Bumble from $24.00 to $36.00 and gave the stock a “positive” rating in a research report on Thursday, August 11th. Finally, The Goldman Sachs Group dropped their target price on shares of Bumble from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 10th.
Bumble Price performance
BMBL opened at $23.11 on Monday. The company’s 50-day SMA is $23.28, and its 200-day SMA is $27.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.97, and a current ratio of 3.24. Bumble has a one year low of $15.41 and a one year high of $39.33. The stock has a market cap of $2.99 billion, a PE ratio of 144.45 and a beta of 1.90.
Bumble Institutional Trading
Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of Bumble during the first quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new stake in shares of Bumble during the second quarter worth $35,000. Neo Ivy Capital Management bought a new stake in shares of Bumble during the third quarter worth $29,000. Public Employees Retirement System of Ohio raised its stake in shares of Bumble by 50.2% in the third quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock worth $35,000 after buying an additional 546 shares during the last quarter. Finally, Castle Wealth Management LLC bought a new stake in shares of Bumble during the second quarter worth $52,000.
Bumble Company Profile
Bumble Inc provides online dating and social networking platforms in North America, Europe and internationally. Owns and operates websites and apps that offer subscription dating products and in-app purchases. The company operates two apps, Bumble and Badoo with approximately 40 million monthly users, as well as Fruitz, an online dating app.
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