Bumble Inc (NASDAQ: BMBL) stock jumped 1.59% on Friday to $14.71 against a previous-day closing price of $14.48. With 2.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.18 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $14.83 whereas the lowest price it dropped to was $14.31. The 52-week range on BMBL shows that it touched its highest point at $27.92 and its lowest point at $12.29 during that stretch. It currently has a 1-year price target of $17.45. Beta for the stock currently stands at 1.85.
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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 3.23%, but this was up by 8.64% over a month. Three-month performance dropped to -10.90% while six-month performance fell -8.86%. The stock lost -39.16% in the past year, while it has lost -30.12% so far this year. A look at the trailing 12-month EPS for BMBL yields -0.74 with Next year EPS estimates of 0.50. For the next quarter, that number is 0.12. This implies an EPS growth rate of 143.28% for this year and 85.64% for next year.
Float and Shares Shorts:
At present, 129.77 million BMBL shares are outstanding with a float of 97.01 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.4 million, which was 6.14% higher than short shares on Sep 28, 2023.
Institutional Ownership:
Other institutions hold 37.22% of BMBL, in contrast to 32.40% held by mutual funds. Shares owned by individuals account for 24.89%. As the largest shareholder in BMBL with 6.99% of the stake, The Vanguard Group, Inc. holds 9,540,729 shares worth 9,540,729. A second-largest stockholder of BMBL, Wellington Management Co. LLP, holds 8,303,961 shares, controlling over 6.08% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BMBL, holding 7,744,669 shares or 5.67% stake. With a 2.88% stake in BMBL, the Vanguard Explorer Fund is the largest stakeholder. A total of 3,928,260 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.22% of BMBL stock, is the second-largest Mutual Fund holder. It holds 3,034,821 shares valued at 40.79 million. Vanguard Small Cap Index Fund holds 1.81% of the stake in BMBL, owning 2,465,740 shares worth 33.14 million.
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 $24.00 and a low target of $14.00, the average target price over the next 12 months is $17.45. Based on these targets, BMBL could surge 63.15% to reach the target high and fall by -4.83% to reach the target low. Reaching the average price target will result in a growth of 18.63% from current levels.
Summary of Insider Activity:
Insiders traded BMBL stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 27,235 shares were bought while 2,869 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 43 over the past year. The total number of shares bought during that period was 26,651,683 while 58,770,432 shares were sold.
