Bumble’s (BMBL) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Bumble (NASDAQ:BMBL) in a report released on Tuesday, Marketbeat reports. JPMorgan Chase & Co. currently has a $5.00 price target on the stock.

BMBL has been the subject of several other reports. Piper Sandler cut their price target on shares of Bumble from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Citigroup cut their price target on shares of Bumble from $6.80 to $4.80 and set a “neutral” rating for the company in a report on Friday, April 25th. Wells Fargo & Company cut their price target on shares of Bumble from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus cut their price target on shares of Bumble from $6.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group raised their price target on shares of Bumble from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.58.

Bumble Stock Up 1.1%

BMBL opened at $5.35 on Tuesday. The company has a 50 day moving average of $4.85 and a 200 day moving average of $6.36. The company has a market cap of $552.61 million, a PE ratio of -1.09 and a beta of 1.90. Bumble has a 12 month low of $3.55 and a 12 month high of $11.81. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75.

Bumble (NASDAQ:BMBL) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Bumble had a positive return on equity of 3.31% and a negative net margin of 54.19%. The business had revenue of $247.10 million during the quarter, compared to the consensus estimate of $246.68 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts expect that Bumble will post 4.19 EPS for the current year.

Hedge Funds Weigh In On Bumble

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in Bumble by 20.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company’s stock worth $60,000 after purchasing an additional 1,249 shares during the period. Franklin Resources Inc. raised its position in Bumble by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 63,994 shares of the company’s stock worth $521,000 after purchasing an additional 1,666 shares during the period. Rhumbline Advisers raised its position in Bumble by 1.4% in the 4th quarter. Rhumbline Advisers now owns 155,006 shares of the company’s stock worth $1,262,000 after purchasing an additional 2,157 shares during the period. Aigen Investment Management LP raised its position in Bumble by 14.2% in the 4th quarter. Aigen Investment Management LP now owns 31,041 shares of the company’s stock worth $253,000 after purchasing an additional 3,853 shares during the period. Finally, Mariner LLC raised its position in Bumble by 25.3% in the 4th quarter. Mariner LLC now owns 19,415 shares of the company’s stock worth $158,000 after purchasing an additional 3,926 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.

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.