Adversity is less terrifying than hope: Bumble Inc. (BMBL)

Bumble Inc. (NASDAQ: BMBL) stock fell -3.76% on Wednesday to $17.14 against a previous-day closing price of $17.81. With 2.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.69 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $17.70 whereas the lowest price it dropped to was $17.00. The 52-week range on BMBL shows that it touched its highest point at $39.33 and its lowest point at $15.88 during that stretch. It currently has a 1-year price target of $24.51.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BMBL was up-trending over the past week, with a rise of 1.72%, but this was up by 1.66% over a month. Three-month performance dropped to -31.69% while six-month performance fell -22.76%. The stock lost -37.76% in the past year, while it has lost -18.57% so far this year. A look at the trailing 12-month EPS for BMBL yields -0.72 with Next year EPS estimates of 0.45. For the next quarter, that number is 0.03. This implies an EPS growth rate of -142.40% for this year and 107.83% for next year.

Float and Shares Shorts:

At present, 131.92 million BMBL shares are outstanding with a float of 128.74 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.07 million, which was 5.14% higher than short shares on Mar 30, 2023. In addition to Ms. Whitney Wolfe Herd as the firm’s Founder, CEO & Director, Mr. Tariq M. Shaukat serves as its Pres.

Institutional Ownership:

Other institutions hold 39.84% of BMBL, in contrast to 32.46% held by mutual funds. Shares owned by individuals account for 26.00%. As the largest shareholder in BMBL with 7.11% of the stake, The Vanguard Group, Inc. holds 9,254,072 shares worth 9,254,072. A second-largest stockholder of BMBL, Wellington Management Co. LLP, holds 9,196,831 shares, controlling over 7.07% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in BMBL, holding 8,302,329 shares or 6.38% stake. With a 2.69% stake in BMBL, the Vanguard Explorer Fund is the largest stakeholder. A total of 3,505,103 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.31% of BMBL stock, is the second-largest Mutual Fund holder. It holds 3,009,946 shares valued at 54.81 million. Vanguard Small Cap Index Fund holds 1.96% of the stake in BMBL, owning 2,554,433 shares worth 46.52 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BMBL reported revenue of $220.45M and operating income of -$2.77M. The EBITDA in the recently reported quarter was $24.38M and diluted EPS was -$0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BMBL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BMBL analysts setting a high price target of $35.00 and a low target of $19.00, the average target price over the next 12 months is $24.54. Based on these targets, BMBL could surge 104.2% to reach the target high and rise by 10.85% to reach the target low. Reaching the average price target will result in a growth of 43.17% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded BMBL stock several times over the past three months with 19 Buys and 38 Sells. In these transactions, 26,519,567 shares were bought while 58,763,547 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 26,519,567 while 58,763,547 shares were sold.

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