The stock of Bumble Inc (NASDAQ:BMBL) last traded at $13.81, up 2.91% from the previous session.
Data from the available sources indicates that Bumble Inc (NASDAQ:BMBL) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $14.00, we find $17.00. Given the previous closing price of $13.42, this indicates a potential upside of 26.68 percent. BMBL stock price is now -5.25% away from the 50-day moving average and -23.22% away from the 200-day moving average. The market capitalization of the company currently stands at $1.89B.
In total, 8 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $17.75 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 58,770,432 shares of company stock worth roughly $811.62 million over the past 1 year. A total of 28.96% of the company’s stock is owned by insiders.
With an opening price of $12.86 on Wednesday morning, Bumble Inc (NASDAQ: BMBL) set off the trading day. During the past 12 months, Bumble Inc has had a low of $12.29 and a high of $27.92. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 2.82, and a quick ratio of 2.82. The fifty day moving average price for BMBL is $14.58 and a two-hundred day moving average price translates $17.99 for the stock.
The latest earnings results from Bumble Inc (NASDAQ: BMBL) was released for Sep, 2023. The net profit margin was -8.95% and return on equity was -5.26% for BMBL. The company reported revenue of $259.74 million for the quarter, compared to $219.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.49 percent.
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.
