Bumble (NASDAQ:BMBL) Given New $4.00 Price Target at Wells Fargo & Company

Bumble (NASDAQ:BMBL) had its price objective decreased by analysts at Wells Fargo & Company from $5.00 to $4.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 40.60% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.00 target price on shares of Bumble in a research note on Wednesday, May 6th. Raymond James Financial restated a “market perform” rating on shares of Bumble in a research report on Thursday, June 25th. The Goldman Sachs Group cut their price objective on shares of Bumble from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Bumble in a report on Tuesday. Finally, Susquehanna decreased their target price on shares of Bumble from $3.50 to $3.00 and set a “neutral” rating on the stock in a research note on Friday. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $4.08.

Bumble Price Performance

Shares of NASDAQ BMBL traded down $0.01 during midday trading on Friday, hitting $2.85. The stock had a trading volume of 407,635 shares, compared to its average volume of 3,554,880. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $2.98 and a 200-day simple moving average of $3.27. The company has a market capitalization of $369.34 million, a PE ratio of -0.67, a P/E/G ratio of 0.10 and a beta of 1.87. Bumble has a 1 year low of $2.54 and a 1 year high of $7.37.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.09). Bumble had a positive return on equity of 33.68% and a negative net margin of 58.99%.The firm had revenue of $210.53 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter in the previous year, the firm posted ($2.45) earnings per share. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, sell-side analysts expect that Bumble will post 1.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This represents a 99.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 22,013 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $2.79, for a total transaction of $61,416.27. Following the sale, the director owned 117,853 shares of the company’s stock, valued at approximately $328,809.87. The trade was a 15.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,954,026 shares of company stock worth $113,182,633. 15.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bumble

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wexford Capital LP purchased a new stake in shares of Bumble during the 3rd quarter valued at approximately $31,000. EFG International AG purchased a new position in Bumble in the fourth quarter worth approximately $25,000. Oppenheimer & Co. Inc. purchased a new position in Bumble in the fourth quarter worth approximately $36,000. StoneX Group Inc. acquired a new stake in Bumble during the fourth quarter worth $36,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Bumble during the fourth quarter worth $37,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.