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.

Open

7.83

Mkt cap

Volume

2.9M

High

8.14

P/E Ratio

23.74

52-wk high

15.90

Low

7.83

Div yield

N/A

52-wk low

4.80

Keybanc analyst Justin Patterson has downgraded Bumble (NASDAQ:BMBL) from Overweight to Sector Weight, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 10:52 am

Bumble Inc (NASDAQ:BMBL) is investing in AI tools to enhance its online dating platform, aiming to improve user experience and compete with rivals like Tinder. Despite reporting a 3.4% growth in Q2 revenue, Bumble missed analyst expectations, leading to stock downgrades. The company plans to launch AI features by winter to boost growth.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 1:14 pm

The online dating industry experienced mixed Q2 results. Match Group's Tinder showed stability, while Bumble struggled, leading to a reduced revenue outlook. Hinge and Grindr outperformed with significant growth. JPMorgan analysts predict cautious optimism for future growth, emphasizing the need for innovation.

Portfolio Pulse from Surbhi Jain

September 04, 2024 | 12:18 pm

Leading dating apps like Tinder, Bumble, and Grindr are integrating AI tools to enhance user experience by generating conversation starters and building profiles. This move aims to combat user burnout and attract new users as these platforms face challenges in user growth.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 2:37 am

TD Cowen analyst John Blackledge has downgraded Bumble (NASDAQ:BMBL) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 9:52 am

Bumble's (NYSE:BMBL) short interest has risen by 3.39%, with 12.24 million shares sold short, representing 12.8% of its float. This is higher than the peer group average of 5.68%. It would take traders 4.49 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 2:30 pm

In the past three months, 19 analysts have shared their insights on Bumble (NASDAQ:BMBL), with a mix of bullish and bearish opinions. The average 12-month price target has decreased by 34.15% to $9.18. Several analysts have lowered their price targets and ratings for Bumble, reflecting a cautious outlook.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 1:00 pm

Keybanc analyst Justin Patterson maintains an Overweight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $11 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:21 pm

Bumble Inc. (NASDAQ:BMBL) experienced a significant drop in stock price following a revenue miss and a lower-than-expected forecast for the third quarter. Despite the decline, Goldman Sachs maintained a Buy rating on the stock. ETFs tracking Bumble also showed mixed performance.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 9:48 pm

The article covers various updates in the consumer tech sector, including earnings reports from Palantir, Reddit, Walt Disney, and Bumble. It also discusses legal issues faced by CrowdStrike and Alphabet, gaming updates from Microsoft and Sony, and technology developments from Nvidia, Meta, and Apple.

Portfolio Pulse from Lekha Gupta

August 11, 2024 | 5:00 pm

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