Streetbeat News

BMBL

Bumble Inc.

Industry

Software - Application

Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app. Bumble Inc. was founded in 2014 in and is headquartered in Austin, Texas.

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Citigroup analyst Ygal Arounian has downgraded Bumble (NASDAQ:BMBL) from Buy to Neutral and lowered the price target from $12 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:50 pm

U.S. stocks traded higher with significant gains in the Nasdaq Composite, Dow, and S&P 500. US Foods Holding Corp. reported better-than-expected sales, while XPEL, Viasat, and GSE Systems saw substantial stock price increases. Conversely, Cardlytics, Outset Medical, and Bumble experienced significant declines due to poor financial results.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 6:49 pm

Deutsche Bank analyst Benjamin Black maintains a Hold rating on Bumble (NASDAQ:BMBL) but lowers the price target from $11 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:20 pm

Bumble Inc (NASDAQ:BMBL) shares plummeted by 32.01% following mixed Q2 results and a significant downgrade in its 2024 outlook. Analysts from JPMorgan, Piper Sandler, and RBC Capital Markets have downgraded their ratings and slashed price targets, citing a strategic reset and misexecution in user growth and monetization efforts.

Portfolio Pulse from Adam Eckert

August 08, 2024 | 4:08 pm

U.S. stocks surged with the Dow Jones gaining over 500 points. Eli Lilly reported strong Q2 earnings and raised its full-year guidance. XPEL, Viasat, and GSE Systems saw significant stock price increases due to positive earnings and acquisition news, while Cardlytics, Outset Medical, and Bumble experienced sharp declines following disappointing earnings.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 4:06 pm

Wells Fargo analyst Ken Gawrelski maintains an Equal-Weight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $10 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:27 pm

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:19 pm

Bumble Inc. (NASDAQ:BMBL) reported worse-than-expected Q2 revenue results, leading to multiple analysts downgrading their ratings and slashing price targets. Despite a slight rise in share price, the outlook remains cautious.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 12:41 pm

Market-Moving News for August 8th: Eli Lilly (LLY) shares rise 13% on strong Q2 results and raised guidance. SolarEdge Technologies (SEDG) shares fall 17% on poor Q2 results and lowered Q3 guidance. Bumble (BMBL) shares plummet 42% on disappointing Q2 revenue and multiple downgrades.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:34 pm

McKesson Corporation reported weaker-than-expected first-quarter sales, leading to a 7.1% drop in pre-market trading. Other companies like Cardlytics, Bumble, JFrog, Dutch Bros, Fastly, Warner Bros. Discovery, Sarepta Therapeutics, and Monster Beverage also saw significant declines due to disappointing financial results.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 12:20 pm

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