In the latest trading session,, 0.58 million Bumble Inc (NASDAQ:BMBL) shares changed hands as the company’s beta touched 1.75. With the company’s most recent per share price at $4.32 changed hands at -$0.1 or -2.38% at last look, the market valuation stands at $455.43M. BMBL’s current price is a discount, trading about -189.12% off its 52-week high of $12.49. The share price had its 52-week low at $3.55, which suggests the last value was 17.82% up since then. When we look at Bumble Inc’s average trading volume, we note the 10-day average is 2.17 million shares, with the 3-month average coming to 3.59 million.
Analysts gave the Bumble Inc (BMBL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.70. 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 0.32.
Bumble Inc (NASDAQ:BMBL) trade information
Instantly BMBL was in red as seen in intraday trades today. With action -2.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -46.99%, with the 5-day performance at -2.60% in the red. However, in the 30-day time frame, Bumble Inc (NASDAQ:BMBL) is 0.35% up. Looking at the short shares, we see there were 14.81 million shares sold at short interest cover period of 4.33 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 13.6% from its recent market value. According to analyst projections, BMBL’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -15.74% plunge from its current level, while the stock would need to soar -15.74% for it to hit the projected low.
Bumble Inc (BMBL) estimates and forecasts
Year-over-year growth is forecast to reach -8.63% down from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 246.8M. 15 analysts are of the opinion that Bumble Inc’s revenue for the current quarter will be 243.46M. The company’s revenue for the corresponding quarters a year ago was 267.77M and 268.62M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.83%. The estimates for the next quarter sales put growth at -9.36%.
The 2025 estimates are for Bumble Inc earnings to increase by 112.07%.
BMBL Dividends
Bumble Inc is expected to release its next quarterly earnings report on 2025-Feb-17.
Bumble Inc (NASDAQ:BMBL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.45% of Bumble Inc shares while 106.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 110.47%. There are 106.66% institutions holding the Bumble Inc stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-06-30, the company held 23.8548% of the shares, roughly 30.12 million BMBL shares worth $316.52 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.7543% or 11.05 million shares worth $116.16 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 2.39 shares estimated at $10.3 million under it, the former controlled 2.32% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.13% of the shares, roughly 2.19 shares worth around $9.44 million.
