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Raymond James Reaffirms Their Hold Rating on Bumble (BMBL)

Tipranks - Fri May 8, 1:16AM CDT

In a report released yesterday, from Raymond James maintained a Hold rating on Bumble. The company’s shares closed yesterday at $3.43.

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Currently, the analyst consensus on Bumble is a Hold with an average price target of $4.49, implying a 30.90% upside from current levels. In a report released yesterday, UBS also reiterated a Hold rating on the stock with a $4.50 price target.

Based on Bumble’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $224.17 million and a GAAP net loss of $499.41 million. In comparison, last year the company earned a revenue of $261.65 million and had a net profit of $4.18 million

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BMBL in relation to earlier this year.

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