In the last trading session, 2.56 million shares of the Bumble Inc (NASDAQ:BMBL) were traded, and its beta was 1.72. Most recently the company’s share price was $8.25, and it changed around $0.02 or 0.24% from the last close, which brings the market valuation of the company to $894.67M. BMBL currently trades at a discount to its 52-week high of $15.90, offering almost -92.73% off that amount. The share price’s 52-week low was $4.80, which indicates that the current value has risen by an impressive 41.82% since then. We note from Bumble Inc’s average daily trading volume that its 10-day average is 1.92 million shares, with the 3-month average coming to 2.53 million.
Bumble Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.61. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 16 recommended BMBL as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Bumble Inc is expected to report earnings per share of 0.31 for the current quarter.
Bumble Inc (NASDAQ:BMBL) trade information
Instantly BMBL has showed a green trend with a performance of 0.24% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.03 on recent trading dayincreased the stock’s daily price by 8.64%. The company’s shares are currently down -44.03% year-to-date, but still down -5.06% over the last five days. On the other hand, Bumble Inc (NASDAQ:BMBL) is 5.63% up in the 30-day period. We can see from the shorts that 10.39 million shares have been sold at a short interest cover period of 3.54 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to decrease their stock price by -17.86% from its current value. Analyst projections state that BMBL is forecast to be at a low of $5.5 and a high of $10.
Bumble Inc (BMBL) estimates and forecasts
Bumble Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -26.47 percent over the past six months and at a -14,633.33% annual growth rate that is well below the industry average of 24.60%. The year-over-year growth rate is expected to be 1.74%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 259.98M in revenue for the current quarter. 12 analysts expect Bumble Inc to make 257.34M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 273.64M and 267.77M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.99%. Forecasts for the next quarter put sales growth at -3.90%.
Bumble Inc earnings are expected to increase by -14656.15% in 2024, but the outlook is positive 57.00% per year for the next five years.
BMBL Dividends
Bumble Inc’s next quarterly earnings report is expected to be released in January.
Bumble Inc (NASDAQ:BMBL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.10% of Bumble Inc shares, and 104.87% of them are in the hands of institutional investors. The stock currently has a share float of 107.11%. Bumble Inc stock is held by 292.0 institutions, with BLACKSTONE INC. being the largest institutional investor. By 2024-06-30, it held 23.3942% of the shares, which is about 30.12 million shares worth $316.52 million.
BLACKROCK INC., with 8.5852% or 11.05 million shares worth $116.16 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
