In the last trading session, 2.64 million shares of the Bumble Inc (NASDAQ:BMBL) were traded, and its beta was 1.76. Most recently the company’s share price was $4.71, and it changed around -$0.08 or -1.67% from the last close, which brings the market valuation of the company to $497.12M. BMBL currently trades at a discount to its 52-week high of $12.49, offering almost -165.18% off that amount. The share price’s 52-week low was $4.46, which indicates that the current value has risen by an impressive 5.31% since then. We note from Bumble Inc’s average daily trading volume that its 10-day average is 3.36 million shares, with the 3-month average coming to 3.32 million.
Bumble Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.75. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 16 recommended BMBL as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Bumble Inc is expected to report earnings per share of 0.27 for the current quarter.
Bumble Inc (NASDAQ:BMBL) trade information
Instantly BMBL has showed a red trend with a performance of -1.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.88 on recent trading dayincreased the stock’s daily price by 3.48%. The company’s shares are currently down -42.14% year-to-date, but still up 2.17% over the last five days. On the other hand, Bumble Inc (NASDAQ:BMBL) is -14.83% down in the 30-day period. We can see from the shorts that 12.94 million shares have been sold at a short interest cover period of 3.34 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 21.5% from its current value. Analyst projections state that BMBL is forecast to be at a low of $5 and a high of $7.
Bumble Inc (BMBL) estimates and forecasts
The year-over-year growth rate is expected to be -8.11%, down from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 246.62M in revenue for the current quarter. 16 analysts expect Bumble Inc to make 244.45M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 267.77M and 268.62M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.90%. Forecasts for the next quarter put sales growth at -9.00%.
BMBL Dividends
Bumble Inc’s next quarterly earnings report is expected to be released on 2025-Feb-17.
Bumble Inc (NASDAQ:BMBL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.37% of Bumble Inc shares, and 104.99% of them are in the hands of institutional investors. The stock currently has a share float of 108.65%. Bumble Inc stock is held by 267.0 institutions, with BLACKSTONE INC. being the largest institutional investor. By 2024-06-30, it held 23.8548% of the shares, which is about 30.12 million shares worth $316.52 million.
BLACKROCK INC., with 8.7543% or 11.05 million shares worth $116.16 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 2.62 shares worth $12.33 million, making up 2.48% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.39 shares worth around $11.26 million, which represents about 2.27% of the total shares outstanding.
