Shares of Bumble Inc. (NASDAQ:BMBL - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $10.28 and last traded at $10.33, with a volume of 815306 shares changing hands. The stock had previously closed at $10.53.
Analysts Set New Price Targets
BMBL has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $16.00 price objective on shares of Bumble in a research note on Wednesday, February 28th. KeyCorp reduced their price objective on Bumble from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 28th. Morgan Stanley reduced their price objective on Bumble from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 28th. Susquehanna reduced their price objective on Bumble from $17.00 to $14.00 and set a "positive" rating on the stock in a research note on Thursday, February 29th. Finally, Raymond James restated a "market perform" rating on shares of Bumble in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Bumble presently has an average rating of "Moderate Buy" and a consensus price target of $17.13.
Read Our Latest Research Report on Bumble
Bumble Stock Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $1.31 billion, a P/E ratio of -337.33, a price-to-earnings-growth ratio of 0.30 and a beta of 1.68. The company has a fifty day moving average of $11.71 and a two-hundred day moving average of $13.30.
Bumble (NASDAQ:BMBL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.31). The firm had revenue of $273.64 million during the quarter, compared to the consensus estimate of $275.38 million. Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. On average, equities analysts anticipate that Bumble Inc. will post 0.66 EPS for the current year.
Insider Activity
In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company's stock in a transaction that occurred on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the completion of the transaction, the insider now directly owns 12,802 shares of the company's stock, valued at $142,102.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.56% of the company's stock.
Hedge Funds Weigh In On Bumble
Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in Bumble by 0.7% in the 1st quarter. California State Teachers Retirement System now owns 60,437 shares of the company's stock worth $1,751,000 after buying an additional 401 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Bumble by 50.2% in the 3rd 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 in the last quarter. Verition Fund Management LLC grew its holdings in Bumble by 8.2% in the 2nd quarter. Verition Fund Management LLC now owns 8,282 shares of the company's stock worth $233,000 after buying an additional 631 shares in the last quarter. State of Wyoming grew its holdings in Bumble by 17.8% in the 2nd quarter. State of Wyoming now owns 4,459 shares of the company's stock worth $75,000 after buying an additional 673 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Bumble by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 36,277 shares of the company's stock worth $764,000 after buying an additional 876 shares in the last quarter. 94.85% of the stock is owned by institutional investors.
About Bumble
(Get Free Report)
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.
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