Bumble Inc. Forecasted to Post Q1 2025 Earnings of $0.10 Per Share (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL) – Equities researchers at KeyCorp issued their Q1 2025 earnings per share estimates for shares of Bumble in a note issued to investors on Friday, September 27th. KeyCorp analyst J. Patterson expects that the company will post earnings of $0.10 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Bumble’s current full-year earnings is $0.83 per share.

Bumble (NASDAQ:BMBL) last announced its earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. Bumble had a return on equity of 1.82% and a net margin of 3.93%. The firm had revenue of $268.60 million for the quarter, compared to the consensus estimate of $273.04 million. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.

A number of other analysts have also recently commented on BMBL. Royal Bank of Canada lowered their price target on Bumble from $16.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus cut Bumble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $13.00 to $6.50 in a research report on Thursday, August 8th. HSBC reaffirmed a “hold” rating on shares of Bumble in a research report on Friday, August 9th. Piper Sandler lowered their price target on Bumble from $13.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America cut Bumble from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $5.50 in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Bumble presently has an average rating of “Hold” and a consensus target price of $8.50.

Bumble Stock Down 1.1 %

Shares of BMBL stock opened at $6.31 on Monday. Bumble has a 1-year low of $4.80 and a 1-year high of $15.90. The stock’s fifty day moving average price is $6.88 and its 200 day moving average price is $9.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $796.32 million, a price-to-earnings ratio of 37.12 and a beta of 1.66.

Hedge Funds Weigh In On Bumble

A number of large investors have recently bought and sold shares of BMBL. Point72 Asset Management L.P. acquired a new position in Bumble in the 2nd quarter worth about $24,121,000. Norges Bank acquired a new position in Bumble in the 4th quarter worth about $16,112,000. Vanguard Group Inc. raised its holdings in Bumble by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 10,822,610 shares of the company’s stock worth $122,837,000 after purchasing an additional 613,759 shares during the period. Archon Capital Management LLC acquired a new position in Bumble in the 1st quarter worth about $6,370,000. Finally, Joho Capital LLC acquired a new position in Bumble in the 1st quarter worth about $6,242,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Company Profile

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 apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.