Bumble (BMBL) Projected to Post Quarterly Earnings on Tuesday

Bumble (NASDAQ:BMBL) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Bumble to post earnings of $0.19 per share and revenue of $260.45 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bumble Stock Performance

NASDAQ:BMBL opened at $8.55 on Tuesday. The stock’s 50-day moving average is $8.05 and its 200-day moving average is $7.47. The stock has a market cap of $924.94 million, a P/E ratio of -1.75 and a beta of 1.70. Bumble has a 1-year low of $4.80 and a 1-year high of $14.08. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BMBL. Susquehanna upped their price target on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Citigroup lifted their target price on Bumble from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Bumble from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price objective (up from $7.00) on shares of Bumble in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.50.

About Bumble

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.