Streetbeat News

BMBL

Bumble Inc.

https://bumble.com

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

1B

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

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Morgan Stanley analyst Brian Nowak has assumed coverage of Bumble (NASDAQ:BMBL) with an Equal-Weight rating and has lowered the price target to $13.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:25 pm

In the past three months, 6 analysts have updated their ratings on Bumble (NASDAQ:BMBL), with a shift towards a more cautious stance. The average 12-month price target has been lowered to $15.67 from $17.60, indicating a 10.97% decrease. Analysts from firms like Susquehanna, Morgan Stanley, and JP Morgan have adjusted their price targets and ratings, reflecting concerns over Bumble's market position, revenue growth, and financial performance metrics such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

Bumble Inc.'s stock (BMBL) experienced a decline following a downgrade by Raymond James from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:50 am

Raymond James analyst Andrew Marok downgraded Bumble (NASDAQ:BMBL) from Outperform to Market Perform, indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:15 am

JPMorgan's analysis highlights 5 tech stocks with growth and value for 2024: Amazon (AMZN), Alphabet (GOOGL/GOOG), Meta Platforms (META), Eventbrite (EB), and Bumble (BMBL). Amazon, Alphabet, and Meta are rated 'Overweight' with significant upside potential, while Eventbrite is 'Neutral' and Bumble 'Overweight' with the highest upside forecast.

Portfolio Pulse from Surbhi Jain

March 04, 2024 | 8:19 pm

At the Morgan Stanley Tech Conference, the CEO of Bumble Inc expressed concerns that the experiences offered to customers in the industry are not meeting consumer expectations.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:09 pm

Susquehanna analyst Shyam Patil has maintained a Positive rating on Bumble (NASDAQ:BMBL) but has lowered the price target from $17 to $14.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:51 pm

Bumble Inc. plans to lay off over 30% of its workforce, approximately 350 employees, as part of a strategic shift to optimize operations and accelerate its product roadmap. This move is part of a broader trend in the tech sector, with major companies like Alphabet, Amazon, Sony, PayPal, Block, Microsoft, and Salesforce also announcing significant layoffs. Bumble's decision aims to drive stronger operating leverage and align with future strategic priorities, amidst a competitive tech landscape.

Portfolio Pulse from Surbhi Jain

February 28, 2024 | 7:15 pm

Bumble Inc. shares fell by 11.6% following weak quarterly results, missing both earnings and sales estimates. Other stocks showed significant movement, with Vivani Medical, Adial Pharmaceuticals, and vTv Therapeutics among the top gainers due to positive announcements. Conversely, Oragenics and Integral Ad Science were among the biggest losers, with Oragenics falling after pricing a public offering and Integral Ad Science dropping post-earnings.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 7:02 pm

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