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In today’s recent session, 0.69 million shares of the Bumble Inc. (NASDAQ:BMBL) were traded. Most recently the company’s share price was $33.75, and it changed around -$0.55 or -1.60% from the last close, which brings the market valuation of the company to $4.63B. BMBL at last check was trading at a discount to its 52-week high of $84.80, offering almost -151.26% off that amount. The share price’s 52-week low was $33.63, which indicates that the recent value has risen by an impressive 0.36% since then. We note from Bumble Inc.’s average daily trading volume that its 3-month average coming to 2.08 million.

Bumble Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 7 recommended BMBL as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Bumble Inc. is expected to report earnings per share of $0 for the current quarter.

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Instantly BMBL has been showing red trend so far today with a performance of -1.60% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 39.41 on Monday, 11/22/21 increased the stock’s daily price by 14.36%. The company’s shares are currently down -51.22% year-to-date, but still down -10.84% over the last five days. On the other hand, Bumble Inc. (NASDAQ:BMBL) is -38.18% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $58.79, which translates to bulls needing to increase their stock price by 42.59% from its current value. Analyst projections state that BMBL is forecast to be at a low of $45.00 and a high of $75.00. In order for the stock price to hit the forecast high, the stock would need to plunge -122.22% from its current level, while the stock would need to crash -33.33% from its current level to reach the projected low.

Bumble Inc. (BMBL) estimates and forecasts

The year-over-year growth rate is expected to be 40.20%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $197.79 million in revenue for the current quarter. 11 analysts expect Bumble Inc. to make $204.91 million in revenue for the quarter ending Dec 2021. Forecasts for the next quarter put sales growth at 23.70%.

BMBL Dividends

Bumble Inc.’s next quarterly earnings report is expected to be released on May 12.

Bumble Inc. (NASDAQ:BMBL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.61% of Bumble Inc. shares, and 97.82% of them are in the hands of institutional investors. The stock currently has a share float of 98.42%. Bumble Inc. stock is held by 272 institutions, with Blackstone Inc being the largest institutional investor. By Jun 29, 2021, it held 45.67% of the shares, which is about 54.71 million shares worth $3.15 billion.

JP Morgan Chase & Company, with 4.57% or 5.47 million shares worth $315.03 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Growth Fund Of America Inc and New Economy Fund (The) were the top two Mutual Funds as of Sep 29, 2021. The former held 2.14 million shares worth $106.94 million, making up 1.79% of all outstanding shares. On the other hand, New Economy Fund (The) held roughly 1.84 million shares worth around $91.81 million, which represents about 1.53% of the total shares outstanding.