In the latest trading session, 0.62 million Bumble Inc (NASDAQ:BMBL) shares changed hands as the company’s beta touched 1.71. With the company’s most recent per share price at $8.85 changed hands at -$0.03 or -0.28% at last look, the market valuation stands at $957.96M. BMBL’s current price is a discount, trading about -79.66% off its 52-week high of $15.90. The share price had its 52-week low at $4.80, which suggests the last value was 45.76% up since then. When we look at Bumble Inc’s average trading volume, we note the 10-day average is 1.78 million shares, with the 3-month average coming to 2.58 million.
Analysts gave the Bumble Inc (BMBL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.61. 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 0.31.
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Bumble Inc (NASDAQ:BMBL) trade information
Instantly BMBL was in red as seen in intraday trades today. With action -2.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -39.93%, with the 5-day performance at -2.48% in the red. However, in the 30-day time frame, Bumble Inc (NASDAQ:BMBL) is 21.14% up. Looking at the short shares, we see there were 10.39 million shares sold at short interest cover period of 3.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 1.67% 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 -408.47% plunge from its current level, while the stock would need to tank 37.85% for it to hit the projected low.
Bumble Inc (BMBL) estimates and forecasts
Data shows that the Bumble Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.02% over the past 6 months, a -14,633.33% in annual growth rate that is considerably lower than the industry average of 24.90%. Year-over-year growth is forecast to reach 1.74% 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 259.98M. 12 analysts are of the opinion that Bumble Inc’s revenue for the current quarter will be 257.34M. The company’s revenue for the corresponding quarters a year ago was 273.64M and 267.77M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.99%. The estimates for the next quarter sales put growth at -3.90%.
The 2024 estimates are for Bumble Inc earnings to decrease by -14656.15%, but the outlook for the next 5-year period is at 57.00% per year.
BMBL Dividends
Bumble Inc is expected to release its next quarterly earnings report in January.
Bumble Inc (NASDAQ:BMBL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.10% of Bumble Inc shares while 104.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 107.11%. There are 104.86% institutions holding the Bumble Inc stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-06-30, the company held 23.3942% of the shares, roughly 30.12 million BMBL shares worth $316.52 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.5852% or 11.05 million shares worth $116.16 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.88 shares estimated at $25.54 million under it, the former controlled 2.66% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.40% of the shares, roughly 2.59 shares worth around $22.99 million.
