Bumble (BMBL) to Release Earnings on Tuesday

Bumble (NASDAQ:BMBL) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Bumble to post earnings of $0.19 per share and revenue of $260.45 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Bumble Trading Up 0.7 %

Bumble stock opened at $8.46 on Monday. The company has a 50 day moving average price of $8.05 and a 200 day moving average price of $7.45. Bumble has a 52 week low of $4.80 and a 52 week high of $14.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market capitalization of $915.20 million, a price-to-earnings ratio of -1.73 and a beta of 1.70.

Analyst Ratings Changes

A number of brokerages have issued reports on BMBL. The Goldman Sachs Group lifted their target price on shares of Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Susquehanna lifted their target price on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Citigroup lifted their target price on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus lifted their target price on shares of Bumble from $6.50 to $7.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.50.

About Bumble

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.