2 weeks Ago By ABMN Staff
Bumble Inc. ( NASDAQ:BMBL – Get Free Report ) has received an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have assigned a buy recommendation to the company.
The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.50. A number of brokerages have commented on BMBL.
Bank of America cut shares of Bumble from a “buy” rating to an “underperform” rating and cut their price target for the company from $12.00 to $5.50 in a research report on Thursday, August 8th.
Deutsche Bank Aktiengesellschaft lowered their target price on Bumble from $11.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, August 8th.
JPMorgan Chase & Co. cut Bumble from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $7.
00 in a report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of Bumble from $10.00 to $7.
00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada cut their target price on shares of Bumble from $16.00 to $8.
00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Read Our Latest Stock Analysis on BMBL Institutional Inflows and Outflows Bumble Price Performance Shares of BMBL opened at $6.43 on Thursday.
The business has a 50-day moving average of $7.00 and a 200-day moving average of $9.38.
The company has a debt-to-equity ratio of 0.45, a current ratio of 2.38 and a quick ratio of 2.
38. The company has a market capitalization of $813.65 million, a price-to-earnings ratio of 37.
82 and a beta of 1.66. Bumble has a 1 year low of $4.
80 and a 1 year high of $15.90. Bumble ( NASDAQ:BMBL – Get Free Report ) last released its quarterly earnings results on Wednesday, August 7th.
The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.
07. Bumble had a net margin of 3.93% and a return on equity of 1.
82%. The firm had revenue of $268.60 million during the quarter, compared to analyst estimates of $273.
04 million. During the same quarter last year, the business earned $0.05 EPS.
The company’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Bumble will post 0.
83 earnings per share for the current year. 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. Featured Stories Receive News & Ratings for Bumble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bumble and related companies with MarketBeat.com's FREE daily email newsletter .
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