Bumble Inc. (NASDAQ:BMBL) to Post Q2 2022 Earnings of ($0.04) Per Share, Jefferies Financial Group Forecasts

Bumble Inc. (NASDAQ:BMBLGet Rating) – Stock analysts at Jefferies Financial Group decreased their Q2 2022 earnings estimates for Bumble in a research report issued to clients and investors on Thursday, May 12th. Jefferies Financial Group analyst B. Thill now anticipates that the company will post earnings per share of ($0.04) for the quarter, down from their previous estimate of $0.02. Jefferies Financial Group also issued estimates for Bumble’s FY2022 earnings at $0.10 EPS and FY2023 earnings at $0.14 EPS.

A number of other equities analysts also recently issued reports on BMBL. Raymond James dropped their price objective on shares of Bumble from $29.00 to $25.00 in a report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Bumble in a research note on Friday, March 11th. They set a “hold” rating and a $28.00 price target on the stock. Royal Bank of Canada reduced their price objective on Bumble from $35.00 to $30.00 in a research note on Thursday, May 12th. Cowen lifted their target price on Bumble from $36.00 to $38.00 in a research report on Thursday, May 12th. Finally, The Goldman Sachs Group cut their price target on Bumble from $54.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, March 9th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $35.53.

Bumble stock opened at $27.54 on Monday. Bumble has a 52-week low of $15.41 and a 52-week high of $61.05. The company has a market cap of $3.57 billion, a P/E ratio of -393.37 and a beta of 1.59. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $25.62 and a two-hundred day simple moving average of $30.23.

Bumble (NASDAQ:BMBLGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Bumble had a negative return on equity of 0.58% and a negative net margin of 0.94%. During the same quarter in the previous year, the business posted ($0.17) EPS.

Several large investors have recently bought and sold shares of BMBL. Providence Equity Partners L.L.C. purchased a new position in shares of Bumble in the first quarter valued at $30,879,000. Royal Bank of Canada grew its stake in shares of Bumble by 120.5% in the 1st quarter. Royal Bank of Canada now owns 82,214 shares of the company’s stock worth $2,382,000 after buying an additional 44,933 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Bumble in the 1st quarter worth about $225,000. California State Teachers Retirement System raised its position in shares of Bumble by 0.7% during the 1st quarter. California State Teachers Retirement System now owns 60,437 shares of the company’s stock valued at $1,751,000 after buying an additional 401 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Bumble by 87.3% in the first quarter. Captrust Financial Advisors now owns 4,581 shares of the company’s stock worth $133,000 after acquiring an additional 2,135 shares in the last quarter. Institutional investors own 98.62% of the company’s stock.

In related news, Director Amy Griffin bought 35,200 shares of the stock in a transaction dated Thursday, March 17th. The shares were purchased at an average price of $28.37 per share, with a total value of $998,624.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

About Bumble (Get Rating)

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.

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Earnings History and Estimates for Bumble (NASDAQ:BMBL)

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