Bumble Inc. [BMBL] Revenue clocked in at $903.50 million, up 6.32% YTD: What’s Next?

Bumble Inc. [NASDAQ: BMBL] closed the trading session at $22.38 on 03/03/23. The day’s price range saw the stock hit a low of $21.99, while the highest price level was $22.89.

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The stocks have a year to date performance of 6.32 percent and weekly performance of -4.85 percent. The stock has been moved at -10.66 percent over the last six months. The stock has performed -14.61 percent around the most recent 30 days and changed -8.13 percent over the most recent 3-months.

If compared to the average trading volume of 2.04M shares, BMBL reached to a volume of 12272078 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bumble Inc. [BMBL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMBL shares is $26.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMBL stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Bumble Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on December 12, 2022, representing the official price target for Bumble Inc. stock. Previously, the target price had yet another raise to $24, while UBS analysts kept a Neutral rating on BMBL stock.

The Average True Range (ATR) for Bumble Inc. is set at 1.37, with the Price to Sales ratio for BMBL stock in the period of the last 12 months amounting to 5.52. The Price to Book ratio for the last quarter was 1.78, with the Price to Cash per share for the same quarter was set at 1.81. Price to Free Cash Flow for BMBL in the course of the last twelve months was 42.75 with Quick ratio for the last quarter at 2.40.

BMBL stock trade performance evaluation

Bumble Inc. [BMBL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.85. With this latest performance, BMBL shares dropped by -14.61% in over the last four-week period, additionally sinking by -10.66% over the last 6 months – not to mention a drop of -3.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BMBL stock in for the last two-week period is set at 41.06, with the RSI for the last a single of trading hit 36.84, and the three-weeks RSI is set at 43.91 for Bumble Inc. [BMBL]. The present Moving Average for the last 50 days of trading for this stock 23.43, while it was recorded at 23.82 for the last single week of trading, and 26.30 for the last 200 days.

Bumble Inc. [BMBL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bumble Inc. [BMBL] shares currently have an operating margin of +0.90 and a Gross Margin at +62.46. Bumble Inc.’s Net Margin is presently recorded at -8.83.

Return on Equity for this stock declined to -4.92, with Return on Assets sitting at -2.13.

Bumble Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Bumble Inc. [BMBL]: Insider Ownership positions

There are presently around $2,982 million, in the hands of institutional investors. The top three institutional holders of BMBL stocks are: BLACKSTONE INC. with ownership of 43,181,192, which is approximately 0% of the company’s market cap and around 0.72% of the total institutional ownership; JPMORGAN CHASE & CO, holding 11,093,508 shares of the stock with an approximate value of $248.27 million in BMBL stocks shares; and FMR LLC, currently with $234.16 million in BMBL stock with ownership of nearly -4.599% of the company’s market capitalization.

Positions in Bumble Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 111 institutional holders increased their position in Bumble Inc. [NASDAQ:BMBL] by around 13,837,726 shares. Additionally, 125 investors decreased positions by around 12,251,695 shares, while 25 investors held positions by with 107,163,648 shares. The mentioned changes placed institutional holdings at 133,253,069 shares, according to the latest SEC report filing. BMBL stock had 47 new institutional investments in for a total of 5,934,975 shares, while 47 institutional investors sold positions of 3,143,311 shares during the same period.


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