Bumble Inc. (NASDAQ:BMBL) has seen 1.41 million shares traded in the last trading session. The company, currently valued at $11.13B, closed the last trade at $59.94 per share which meant it gained $2.21 on the day or 3.83% during that session. The BMBL stock price is -41.47% off its 52-week high price of $84.80 and 35.09% above the 52-week low of $38.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.29 million shares traded. The 3-month trading volume is 1.70 million shares.
The consensus among analysts is that Bumble Inc. (BMBL) is an Overweight stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 15 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Bumble Inc. (NASDAQ:BMBL) trade information
Sporting 3.83% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the BMBL stock price touched $59.94 or saw a rise of 0.1%. Year-to-date, Bumble Inc. shares have moved -14.75%, while the 5-day performance has seen it change 8.61%. Over the past 30 days, the shares of Bumble Inc. (NASDAQ:BMBL) have changed 24.93%. Short interest in the company has seen 5.16 million shares shorted with days to cover at 2.11.
Wall Street analysts have a consensus price target for the stock at $61.93, which means that the shares’ value could jump 3.21% from current levels. The projected low price target is $50.00 while the price target rests at a high of $75.00. In that case, then, we find that the current price level is -25.13% off the targeted high while a plunge would see the stock lose 16.58% from current levels.
Bumble Inc. (BMBL) estimates and forecasts
The company’s shares have lost -0.93% over the past 6 months, compared to -0.90% for the industry. Revenue growth from the last financial year stood is estimated to be 40.10%.
11 analysts offering their estimates for the company have set an average revenue estimate of $186.22 million for the current quarter. 12 have an estimated revenue figure of $197.76 million for the next quarter concluding in Sep 2021.
Earnings growth for 2021 is a modest -319.90% while over the next 5 years, the company’s earnings are expected to increase by 79.10%.
Bumble Inc. is expected to release its next earnings report on May 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bumble Inc. (NASDAQ:BMBL)’s Major holders
Insiders own 0.51% of the company shares, while shares held by institutions stand at 126.28% with a share float percentage of 126.93%. Investors are also buoyed by the number of investors in a company, with Bumble Inc. having a total of 253 institutions that hold shares in the company. The top two institutional holders are Blackstone Group Inc. with over 85.82 million shares worth more than $5.35 billion. As of Mar 30, 2021, Blackstone Group Inc. held 71.63% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 5.7 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $355.4 million and represent 4.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are New Economy Fund (The) and Growth Fund Of America Inc. As of Mar 30, 2021, the former fund manager holds about 1.83% shares in the company for having 2.19 million shares of worth $136.6 million while later fund manager owns 2.14 million shares of worth $133.79 million as of Mar 30, 2021, which makes it owner of about 1.79% of company’s outstanding stock.