Bumble (BMBL) Gets a Hold from RBC Capital
In a report released on July 21, Brad Erickson from RBC Capital maintained a Hold rating on Bumble, with a price target of $5.00. The company’s shares closed yesterday at $2.87.
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Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Angi, and Meta Platforms. According to TipRanks, Erickson has an average return of 6.9% and a 52.02% success rate on recommended stocks.
Bumble has an analyst consensus of Hold, with a price target consensus of $4.37.
Based on Bumble’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $212.38 million and a net profit of $45.21 million. In comparison, last year the company earned a revenue of $247.1 million and had a net profit of $13.44 million
Based on the recent corporate insider activity of 42 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.
Read More on BMBL:
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