In yesterday’s Wall Street session, Bumble Inc (NASDAQ:BMBL) shares traded at $7.14, up 2.00% from the previous session.
BMBL stock price is now 11.02% away from the 50-day moving average and -29.22% away from the 200-day moving average. The market capitalization of the company currently stands at $903.50M.
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On August 16, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $22 to quote $7.50, while ‘Susquehanna’ rates the stock as ‘Neutral’
In other news, Hsiao Sissie L., Director sold 2,707 shares of the company’s stock on Oct 04 ’24. The stock was sold for $18,293 at an average price of $6.76. Upon completion of the transaction, the Director now directly owns 40,571 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Director Hsiao Sissie L. bought 2,707 shares of the business’s stock. A total of $18,293 was incurred on buying the stock at an average price of $6.76. A total of 27.44% 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 $15.90. 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. According to the stock market information, the enterprise value for the company is $1894166272, which is based on a 24.43 price-to-earnings ratio, a 0.43 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for BMBL is $6.4313 and a two-hundred day moving average price translates $10.087825 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.
