Bumble (BMBL) Gets a Hold Rating from Raymond James


Raymond James analyst Andrew Marok maintained a Hold rating on Bumble (BMBL) today. The company’s shares closed last Wednesday at $47.24, close to its 52-week low of $45.55.

According to TipRanks.com, Marok is ranked #2035 out of 7492 analysts.

Currently, the analyst consensus on Bumble is a Moderate Buy with an average price target of $67.54, representing a 35.1% upside. In a report released today, Goldman Sachs also maintained a Hold rating on the stock with a $47.00 price target.

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Based on the recent corporate insider activity of 8 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bumble Inc is engaged in offering online dating services. The company operates two apps, Bumble and Badoo, where users come on a monthly basis to discover new people and connect with each other.

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