KeyBanc Capital Markets has recently reduced Bumble Inc (BMBL) stock to Sector Weight rating, as announced on September 27, 2024, according to Finviz. Earlier, on August 16, 2024, TD Cowen had reduced the stock from a Buy to Hold, setting a price target of $7.50 for BMBL stock. Susquehanna also reduced Neutral rating with a price target of $6. Additionally, HSBC Securities reduced Hold rating on August 9, 2024. Stifel analysts, in their report published on August 8, 2024, also reduced Hold rating and set a price target of $6.50 for Bumble Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Bumble Inc (BMBL) Stock Trading Recap
On Tuesday, Bumble Inc (BMBL) stock saw a modest uptick, ending the day at $7.48 which represents a slight increase of $0.22 or 3.03% from the prior close of $7.26. The stock opened at $7.28 and touched a low of $7.16 during the day, reaching a high of $7.49. The volume of shares traded was 2.83 million falling short of the average volume of 3.66 million.
BMBL Stock Performance and Moving Averages
In recent trading, Bumble Inc (BMBL) stock price has shown some volatility, fluctuating 3.89% over the last five trades and 15.25% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -27.38%, and it has plunged by -7.20% in the previous three months. Currently, BMBL is trading at 5.51%, 11.61%, and -22.46% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BMBL, a Technology sector stock, is trading -52.96% below its 52-week high but remains 55.83% above its 52-week low. The Average True Range (ATR) (14 days) of 0.29 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Bumble Inc’s Profitability and Valuation Ratios
Bumble Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 16.69% and a profit margin of 3.93%, with a gross margin of -27.38%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Bumble Inc’s market capitalization stands at $946.52 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 25.59, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.68. Additionally, the Price-to-Sales Ratio is 0.87, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.57, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 27.44% of Bumble Inc (BMBL)’s shares, while financial institutions hold 69.45%.
Notable insider trades include BX Buzz ML-1 GP LLC, 10% Owner at Bumble Inc (BMBL), who sold 2509316 shares on Mar 03 ’24, at $11.1 each, totaling $27.85 million. On Mar 03 ’24, BX Buzz ML-1 Holdco L.P., 10% Owner, sold 2509316 shares for $11.1 each, amounting to $27.85 million. Additionally, on Mar 03 ’24, Blackstone Holdings III GP Man sold 2509316 shares at $11.1 each, generating $27.85 million.
