Analysts’ Recent Ratings Changes for Bumble (BMBL)

Bumble (NASDAQ: BMBL) has recently received a number of price target changes and ratings updates:

• 11/11/2024 – Bumble had its price target raised by analysts at Susquehanna from $6.00 to $8.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Bumble had its price target raised by analysts at Citigroup Inc. from $6.00 to $8.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Bumble had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $8.00 price target on the stock, up previously from $7.00.
• 11/7/2024 – Bumble had its price target raised by analysts at Stifel Nicolaus from $6.50 to $7.00. They now have a “hold” rating on the stock.
• 11/7/2024 – Bumble had its price target raised by analysts at The Goldman Sachs Group, Inc. from $9.00 to $10.00. They now have a “buy” rating on the stock.
• 9/27/2024 – Bumble was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.

Bumble Trading Up 1.4 %

NASDAQ:BMBL opened at $7.98 on Monday. The company has a market capitalization of $863.28 million, a P/E ratio of -1.63 and a beta of 1.62. Bumble Inc. has a 12 month low of $4.80 and a 12 month high of $15.90. The firm has a fifty day simple moving average of $6.94 and a 200-day simple moving average of $8.52. The company has a current ratio of 2.09, a quick ratio of 2.38 and a debt-to-equity ratio of 0.75.

Hedge Funds Weigh In On Bumble

A number of large investors have recently bought and sold shares of BMBL. Geode Capital Management LLC raised its position in Bumble by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,330,678 shares of the company’s stock valued at $14,872,000 after purchasing an additional 14,889 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Bumble in the 3rd quarter worth approximately $90,000. Prentice Capital Management LP increased its stake in shares of Bumble by 54.1% during the 3rd quarter. Prentice Capital Management LP now owns 242,844 shares of the company’s stock worth $1,549,000 after purchasing an additional 85,304 shares in the last quarter. Janus Henderson Group PLC increased its position in Bumble by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 174,926 shares of the company’s stock worth $1,116,000 after purchasing an additional 14,887 shares in the last quarter. Finally, Cinctive Capital Management LP boosted its holdings in shares of Bumble by 25.7% during the third quarter. Cinctive Capital Management LP now owns 122,926 shares of the company’s stock worth $784,000 after purchasing an additional 25,150 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

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.