Bumble Inc (NASDAQ:BMBL)’s traded shares stood at 1.3 million during the last session, with the company’s beta value hitting 1.72. At the close of trading, the stock’s price was $8.08, to imply an increase of 2.02% or $0.16 in intraday trading. The BMBL share’s 52-week high remains $15.33, putting it -89.73% down since that peak but still an impressive 40.59% since price per share fell to its 52-week low of $4.80. The company has a valuation of $874.11M, with an average of 1.94 million shares in intraday trading volume over the past 10 days and average of 2.36 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bumble Inc (BMBL), translating to a mean rating of 2.67. Of 12 analyst(s) looking at the stock, 0 analyst(s) give BMBL a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 8 recommend it as a Buy.
Bumble Inc (NASDAQ:BMBL) trade information
After registering a 2.02% upside in the last session, Bumble Inc (BMBL) has traded red over the past five days. The 5-day price performance for the stock is 5.76%, and -11.01% over 30 days. With these gigs, the year-to-date price performance is -45.18%. Short interest in Bumble Inc (NASDAQ:BMBL) saw shorts transact 10.08 million shares and set a 3.91 days time to cover.
The extremes give us $5.5 and $10 for target low and target high price respectively. As such, BMBL has been trading -23.76% off suggested target high and 31.93% from its likely low.
Bumble Inc (BMBL) estimates and forecasts
Looking at statistics comparing Bumble Inc share performance against respective industry, we note that the company has underperformed competitors. Bumble Inc (BMBL) shares are -21.02% down over the last 6 months, with its year-to-date growth rate lower than industry average at -14,633.33% against 26.50%.
BMBL Dividends
Bumble Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Bumble Inc (NASDAQ:BMBL)’s Major holders
Bumble Inc insiders hold 2.09% of total outstanding shares, with institutional holders owning 104.75% of the shares at 106.99% float percentage. In total, 104.75% institutions holds shares in the company, led by BLACKSTONE INC.. As of 2024-06-30, the company held over 30.12 million shares (or 23.3942% of shares), all amounting to roughly $316.52 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 11.05 million shares, or about 8.5852% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $116.16 million.
