The stock of Bumble Inc. (NASDAQ:BMBL) last traded at $16.18, down -2.41% from the previous session.
Data from the available sources indicates that Bumble Inc. (NASDAQ:BMBL) is covered by 21 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $18.00, we find $25.00. Given the previous closing price of $16.58, this indicates a potential upside of 50.78 percent. BMBL stock price is now -5.10% away from the 50-day moving average and -22.88% away from the 200-day moving average. The market capitalization of the company currently stands at $2.21B.
In total, 8 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $24.35 as their price target over the next twelve months.
In other news, Bromberg Matthew S, Director sold 12,096 shares of the company’s stock on May 10. The stock was sold for $207,654 at an average price of $17.17. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, 10% Owner Blackstone Holdings III GP Man sold 11,750,000 shares of the business’s stock. A total of $260,532,750 was realized by selling the stock at an average price of $22.17. Insiders disposed of 58,763,547 shares of company stock worth roughly $950.79 million over the past 1 year. A total of 0.59% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BMBL stock. A new stake in Bumble Inc. shares was purchased by TIMESSQUARE CAPITAL MANAGEMENT, LLC during the first quarter worth $20,543,000. GHISALLO CAPITAL MANAGEMENT LLC invested $7,686,000 in shares of BMBL during the first quarter. In the first quarter, CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in Bumble Inc. valued at approximately $4,314,000. JUMP FINANCIAL, LLC acquired a new stake in BMBL for approximately $3,585,000. HBK INVESTMENTS L P purchased a new stake in BMBL valued at around $3,236,000 in the second quarter. In total, there are 310 active investors with 99.37% ownership of the company’s stock.
With an opening price of $16.32 on Thursday morning, Bumble Inc. (NASDAQ: BMBL) set off the trading day. During the past 12 months, Bumble Inc. has had a low of $14.73 and a high of $39.33. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 2.50, and a quick ratio of 2.50. The fifty day moving average price for BMBL is $17.02 and a two-hundred day moving average price translates $20.94 for the stock.
The latest earnings results from Bumble Inc. (NASDAQ: BMBL) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0 by -0.01. This compares to $0.12 EPS in the same period last year. The company reported revenue of $242.95 million for the quarter, compared to $210.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.67 percent. For the current quarter, analysts expect BMBL to generate $256.59M in revenue.
Bumble Inc.(BMBL) 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 two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app. Bumble Inc. was founded in 2014 in and is headquartered in Austin, Texas.
