The price of Bumble Inc (NASDAQ:BMBL) shares last traded on Wall Street rose 0.51% to $7.92.
BMBL stock price is now 0.08% away from the 50-day moving average and -10.54% away from the 200-day moving average. The market capitalization of the company currently stands at $840.58M.
On August 16, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $22 to quote $7.50, while ‘Susquehanna’ rates the stock as ‘Neutral’
In other news, Hsiao Sissie L., Director sold 2,707 shares of the company’s stock on Oct 04 ’24. The stock was sold for $18,293 at an average price of $6.76. Upon completion of the transaction, the Director now directly owns 40,571 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Director Hsiao Sissie L. bought 2,707 shares of the business’s stock. A total of $18,293 was incurred on buying the stock at an average price of $6.76. A total of 32.09% of the company’s stock is owned by insiders.
During the past 12 months, Bumble Inc has had a low of $4.80 and a high of $15.33. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.09, and a quick ratio of 2.09. The fifty day moving average price for BMBL is $7.8932 and a two-hundred day moving average price translates $8.870425 for the stock.
The latest earnings results from Bumble Inc (NASDAQ: BMBL) was released for 2024-09-30. The net profit margin was -54.21% and return on equity was -46.21% for BMBL. The company reported revenue of $273.61 million for the quarter, compared to $275.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.69 percent. For the current quarter, analysts expect BMBL to generate $259.98M in revenue.
