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Susquehanna Sticks to Its Hold Rating for Bumble (BMBL)

Tipranks - Tipranks - Sat Aug 8, 7:03AM CDT

Susquehanna analyst maintained a Hold rating on Bumble today and set a price target of $3.00.

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In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $4.00 price target.

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Based on Bumble’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $210.53 million and a GAAP net loss of $110.06 million. In comparison, last year the company earned a revenue of $248.23 million and had a GAAP net loss of $253.74 million

Based on the recent corporate insider activity of 45 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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