In the latest trading session,, 0.86 million Bumble Inc (NASDAQ:BMBL) shares changed hands as the company’s beta touched 1.69. With the company’s most recent per share price at $6.51 changing hands around $0.07 or 1.09% at last look, the market valuation stands at $823.78M. BMBL’s current price is a discount, trading about -165.9% off its 52-week high of $17.31. The share price had its 52-week low at $4.80, which suggests the last value was 26.27% up since then. When we look at Bumble Inc’s average trading volume, we note the 10-day average is 8.85 million shares, with the 3-month average coming to 3.56 million.
Analysts gave the Bumble Inc (BMBL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended BMBL as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Bumble Inc’s EPS for the current quarter is expected to be 0.19.
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Bumble Inc (NASDAQ:BMBL) trade information
Instantly BMBL is in green as seen in intraday trades today. With action 8.86%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -55.83%, with the 5-day performance at 8.86% in the green. However, in the 30-day time frame, Bumble Inc (NASDAQ:BMBL) is -28.54% down. Looking at the short shares, we see there were 12.24 million shares sold at short interest cover period of 4.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10.5, meaning bulls need an upside of 38.0% from its recent market value. According to analyst projections, BMBL’s forecast low is 5.5 with 45 as the target high. To hit the forecast high, the stock’s price needs a -591.24% plunge from its current level, while the stock would need to tank 15.51% for it to hit the projected low.
Bumble Inc (BMBL) estimates and forecasts
Data shows that the Bumble Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -50.98% over the past 6 months, a 2,766.67% in annual growth rate that is considerably higher than the industry average of 19.20%. Year-over-year growth is forecast to reach 1.60% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 271.8M. 19 analysts are of the opinion that Bumble Inc’s revenue for the current quarter will be 260.39M. The company’s revenue for the corresponding quarters a year ago was 276.97M and 273.64M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.90%. The estimates for the next quarter sales put growth at -4.80%.
The 2024 estimates are for Bumble Inc earnings to increase by 2651.39%.
BMBL Dividends
Bumble Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Bumble Inc (NASDAQ:BMBL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.80% of Bumble Inc shares while 96.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.29%. There are 96.52% institutions holding the Bumble Inc stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-03-31, the company held 22.3187% of the shares, roughly 30.12 million BMBL shares worth $341.82 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.0205% or 10.82 million shares worth $122.84 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 3.02 shares estimated at $19.71 million under it, the former controlled 2.38% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.08% of the shares, roughly 2.63 shares worth around $17.18 million.
