The dating giant has struggled to turn a picture-perfect environment into earnings. After a highly successful IPO, shares of Bumble Inc (BMBL -2.22%) have fallen 24% from their highs. Like many technology companies, Bumble benefited from the pandemic-driven stay-at-home economy, as online dating became one of the only mediums to meet a match.
Why did bumble stock suffer a slump in July?
July's slump can be tied to waning excitement about the dating app specialist's business, and concerns about bad news on the way in its mid-August earnings report. Image source: Getty Images. Bumble's first-quarter announcement in early May contained some warning signs about a growth slowdown.
What is Bumble stock price at all time low?
The dating company’s stock dipped more than 17% to hit an all-time low of $38.91 apiece. The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021.
What happened to Bumble?
The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Shares of Bumble fell sharply Thursday, dipping below its initial public offering price of $43.
Should investors be worried about Bumble’s growth in the second half?
Investors are worried about slowing growth heading into the second half of 2021. Shares of Bumble ( BMBL 7.17%) lost ground to a booming market last month, falling 12% compared to the 2.3% increase in the broader market, according to data provided by S&P Global Market Intelligence.
Why is Bumble stock dropping?
Thursday's Bumble tumble marked an accelerated decline for a stock that had already fallen more than 12% over the previous five sessions - and it's likely the Russia-Ukraine conflict is playing a part, with Bumble's exposure to the region including both countries.
Is Bumble stock a good buy?
Bumble expects its revenue to rise 21%-23% year over year in the first quarter of 2022, and to grow 22%-23% for the full year. That was roughly in line with analysts' expectations for 23% growth in the first quarter and 22% growth for the full year.
Is Bumble stock undervalued?
In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$24.0, the company appears a touch undervalued at a 28% discount to where the stock price trades currently.
Is Bumble a profitable company?
Bumble generated $240 million in revenue in 2019, and has beat its projected revenue run rate for two years. Alongside the dating app, Bumble has also launched BFFs, a matching system for friendships. Bumble Bizz is a professional networking service, which is a cross between dating and LinkedIn.
Will Bumble stock go back up?
Its revenue increased 36% in 2019, but it grew just 19% in 2020 as more people stayed at home throughout the crisis. Growth accelerated again in the first half of 2021 as people started to go out again, and it expects its revenue to increase 29% to 31% for the full year.
Is Bumble a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Why is Bumble stock rising?
Bumble Stock Surges as More Users Pay for the App The online dating app added 134,000 paying users in the first quarter, compared with 108,000 in the fourth quarter.
How profitable are dating apps?
After a slump in the early 2010s, dating app revenues have increased every year since 2015, reaching $5.61 billion in 2021....Global Dating App Revenue.YearRevenue2017$1.75 billion2018$2.38 billion2019$2.97 billion2020$3.82 billion3 more rows•May 4, 2022
How many outstanding shares does Bumble have?
Share StatisticsAvg Vol (3 month) 33.79MShares Outstanding 5119.8MImplied Shares Outstanding 6N/AFloat 878.77M% Held by Insiders 10.60%7 more rows
Is Bumble in debt?
“We expect Bumble App to have another strong year in 2022 and grow revenue 34% to 36% year over year, driven by continued international expansion and product innovation." Balance Sheet: As of December 31, 2021, total cash and cash equivalents were $369.2 million and total debt was $622.9 million.
Is Bumble going out of business?
Bumble CEO says dating app's business remains 'largely unaffected' during Covid omicron threat. “This is not a stay-at-home stock or a reopening stock only,” Bumble CEO Whitney Wolfe Herd told CNBC's Jim Cramer on Tuesday.
What company owns Bumble?
When private equity firm The Blackstone Group purchased a majority stake in Bumble's parent company MagicLab, Bumble and its sister apps were valued at $3 billion. Bumble and its sister apps earned $162 million in net revenue for 2018. In April 2019, Bumble launched its own lifestyle magazine called Bumble Mag.
How much did Bumble lose in 2019?
Despite a huge year, Bumble Inc suffered an overall net loss of $142.8 million, which was in stark contrast to the $85 million profit in 2019. The swing owes to a significant 74% ($292 million) increase in operating expenses, which grew much faster than the 19% increase in revenue.
What is Bumble dating app?
Bumble Inc is mainly known for its flagship platform, the Bumble dating app, which is famous for shaking up the industry by empowering women. When two people "match," the woman holds the cards — she must initiate the first interaction while her male counterpart waits and wonders.
Will Bumble grow in 2020?
The question now is whether Bumble (and the industry more broadly) can grow revenues in line with 2020, given widespread vaccinations and more people out in the freshly opened economy. If not, the company could face stagnant to possibly negative share price performance as the market reigns in its multiple.
Who is the founder of Motley Fool?
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Will Bumble Inc. increase its expenses in 2021?
Granted, some of the additional expenses may not recur in 2021. For example, the company recognized an $85 million increase in depreciation and amortization expenses, plus a $156 million increase in general and administrative costs, both partly attributable to an acquisition the company made in early 2020. Even with both of these costs removed entirely (which isn't realistic), Bumble Inc would have earned only slightly more than it did in 2019. At yesterday's closing stock price, this would mean an earnings multiple of almost 70-times -- though keep in mind, this is a hypothetical assumption on cost reduction that may not happen in 2021.
Is Bumble a social network?
While it is focused on dating, it's also popular as a truly social network, connecting users who would like to make friends. Of the two, the Bumble app has fewer paying subscribers, but charges twice as much per paying user, and therefore generates the lion's share of the revenue.
Does Anthony Di Pizio own Bumble?
Fool contributor Anthony Di Pizio does not own shares in Bumble Inc. The Motley Fool has no position in any of the stocks mentioned.
When will Bumble see peak growth?
But when Bumble reported its first-quarter earnings results, revenue growth had slowed to a trickle on a sequential basis, so there is an indication the company may have seen peak growth in 2020. Image source: Getty Images.
How much will Bumble make in 2021?
Analysts expect the company to earn $1.68 per share for full-year 2021, but it's likely most of that is built into the recognition of the first-quarter tax benefit. By comparison, in 2022, they expect Bumble to earn just $0.33 -- which might be considered a positive anyway given its history of losses. Still, at a current share price of over $55, that would be an earnings multiple of more than 150.
Which is cheaper, Bumble or Badoo?
The flagship app is Bumble, with its women-act-first match concept, but it has fewer paid users than the company's other app, Badoo. Badoo mainly serves Latin America and Europe and is considerably cheaper to use than Bumble.
Is Bumble a friendship app?
In the latest earnings call, Bumble CEO Whitney Wolfe Herd stated the company believes friendship is the next area of growth. It's already integrated into the existing Bumble app, but it will be interesting to see how this opportunity contributes to operating performance.
Has Bumble lost its buzz?
Reflecting on the trading update, Bumble founder and chief exec Whitney Wolfe Herd said, “Our results and first-quarter momentum validate the strength of our mission and our brand.
Is Bumble stock a buy?
There might be two more factors affecting investors’ view of Bumble. The first is likely to be its valuation, the second is the competition.
Does niche beat mass market?
Daily swiping activity among women under 30 years old leapt by over 40% in the months after lockdown, according to Morningstar. This is an area Bumble wants to dominate.
