Bumble Inc (NASDAQ:BMBL) shares traded 1.86% higher at $6.56 on Wall Street last session.
BMBL stock price is now -27.40% away from the 50-day moving average and -44.08% away from the 200-day moving average. The market capitalization of the company currently stands at $830.10M.
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With the price target reduced from $22 to $7.50, TD Cowen Downgraded its rating from Buy to Hold for Bumble Inc (NASDAQ: BMBL). On August 09, 2024, Susquehanna Downgraded its previous ‘Positive’ rating to ‘Neutral’ on the stock reducing its target price from $14 to quote $6, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, MATHER ANN, Director sold 7,492 shares of the company’s stock on Jun 07 ’24. The stock was sold for $85,506 at an average price of $11.41. Upon completion of the transaction, the Director now directly owns 29,030 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07 ’24, Director Hsiao Sissie L. sold 5,496 shares of the business’s stock. A total of $62,717 was realized by selling the stock at an average price of $11.41. This leaves the insider owning 43,278 shares of the company worth $0.28 million. A total of 27.59% of the company’s stock is owned by insiders.
During the past 12 months, Bumble Inc has had a low of $4.80 and a high of $17.31. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 2.38, and a quick ratio of 2.38. The fifty day moving average price for BMBL is $8.9429 and a two-hundred day moving average price translates $11.700275 for the stock.
The latest earnings results from Bumble Inc (NASDAQ: BMBL) was released for 2024-06-30. The net profit margin was 3.93% and return on equity was 2.57% for BMBL. The company reported revenue of $268.62 million for the quarter, compared to $259.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.42 percent.
