Bumble Inc (NASDAQ: BMBL) Could Soar To Much Higher Prices In Coming Months

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In the last trading session, 3.61 million Bumble Inc (NASDAQ:BMBL) shares changed hands as the company’s beta touched 1.95. With the company’s per share price at $6.81 changed hands at $0.22 or 3.34% during last session, the market valuation stood at $703.41M. BMBL’s last price was a discount, traded about -56.53% off its 52-week high of $10.66. The share price had its 52-week low at $3.55, which suggests the last value was 47.87% up since then. When we look at Bumble Inc’s average trading volume, we note the 10-day average is 4.36 million shares, with the 3-month average coming to 3.22 million.

Analysts gave the Bumble Inc (BMBL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.95. 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 (NASDAQ:BMBL) trade information

Instantly BMBL was in green as seen at the end of in last trading. With action 30.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -33.43%, with the 5-day performance at 30.71% in the green. However, in the 30-day time frame, Bumble Inc (NASDAQ:BMBL) is 21.17% up. Looking at the short shares, we see there were 13.27 million shares sold at short interest cover period of 5.62 days.

The consensus price target for the stock as assigned by Wall Street analysts is 5.5, meaning bulls need a downside of -23.82% from its current market value. According to analyst projections, BMBL’s forecast low is 5 with 6 as the target high. To hit the forecast high, the stock’s price needs a 11.89% surge from its current level, while the stock would need to tank 26.58% for it to hit the projected low.

The 2025 estimates are for Bumble Inc earnings to increase by 121.43%.

BMBL Dividends

Bumble Inc is expected to release its next quarterly earnings report on 2025-May-07.

Bumble Inc (NASDAQ:BMBL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.59% of Bumble Inc shares while 100.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.14%. There are 100.47% 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.

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