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%.
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.
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.