Shares of dating-platform company Bumble (NASDAQ: BMBL) plunged on Thursday after the company released financial results for the first quarter of 2021. Results exceeded management's previous guidance and its full-year outlook improved. But it wasn't enough for Wall Street, with a slew of analysts lowering their price targets on the shares.
What's happening with Bumble stock?
There's a bit of colony collapse going on in Bumble stock (NASDAQ: BMBL), which slid 16.5% Thursday to all-time lows just days ahead of the dating-service company's fourth-quarter earnings. Volume had tripled its usual daily average shortly before the close, with 5.22 million shares and counting having moved.
Is Bumble (snow) stock losing steam?
Yet the SNOW stock is losing steam as investors move to the next momentum trade. That could very well be the case with Bumble stock as investors across the board take a wait-and-see attitude. If that’s the case, this isn’t a great time to jump on board. Bumble is similar to Match Group (NASDAQ: MTCH ).
Will Bumble stock outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe BMBL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BMBL will underperform the S&P 500 over the long term. You may vote once every thirty days. Bumble does not currently pay a dividend. Bumble does not have a long track record of dividend growth.
What happened to Bumble’s user growth?
For the first time since its IPO, the company posted a decline in overall user growth in its third quarter results, with total paying users dropping to 2.87 million in the three months through September, down from 2.93 million in the prior quarter. Most affected was Bumble’s other dating app, Badoo, which is popular outside the U.S..
Why are Bumble shares dropping?
Wolfe Herd attributed the drops to the ongoing influence of the pandemic overseas, along with a payment issue affecting Android devices that she said management is working to fix.
Is Bumble a good stock to 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?
Based on those expectations, the stock trades at three times this year's sales and 13 times its adjusted EBITDA. Match, which is growing at a slightly slower rate than Bumble, trades at five times this year's sales and 16 times its adjusted EBITDA. Therefore, Bumble looks a bit undervalued at these depressed levels.
What is Bumble stock prediction?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Bumble Inc have a median target of 29.00, with a high estimate of 45.00 and a low estimate of 20.00. The median estimate represents a -2.09% decrease from the last price of 29.62.
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
How many outstanding shares does Bumble have?
184.6MShare StatisticsAvg Vol (3 month) 32.63MShares Outstanding 5119.8MImplied Shares Outstanding 6184.6MFloat 878.83M% Held by Insiders 10.72%7 more rows
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
Why is Bumble stock up?
Bumble shares surged 22% on Wednesday after the online dating app posting stronger-than-expected fourth quarter earnings Tuesday, and received an analyst upgrade.
Should I sell BMBL stock?
Out of 12 analysts, 3 (25%) are recommending BMBL as a Strong Buy, 5 (41.67%) are recommending BMBL as a Buy, 4 (33.33%) are recommending BMBL as a Hold, 0 (0%) are recommending BMBL as a Sell, and 0 (0%) are recommending BMBL as a Strong Sell. What is BMBL's earnings growth forecast for 2022-2024?
How much does Bumble cost?
Bumble is free to use, but you can pay to unlock new features like advanced filters and profile boosts. The Bumble Boost plan costs $16.99 for a month, and gives unlimited likes and "rematches." Bumble's more expensive Premium subscription costs $39.99 for a month, or $229.99 for a lifetime plan.
How do I buy Bumble stock?
How to buy shares in BumbleCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
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.
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 2022?
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.
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.
Why did BMBL stock drop?
So, why has the Bumble share price been hit so hard? There appears to be near-term pressure on paying users at the Badoo app. The Bumble customer in the Badoo app is experiencing many COVID-19 headwinds. Meanwhile, rival dating-app Tinder saw a 90% increase in paid users in the quarter, so investors were expecting Bumble to do the same.
How has Bumble fared since IPO?
Bumble launched via initial public offering in February to great fanfare. The event generated global interest as its founder Whitney Wolfe Herd became the world’s youngest self-made female Billionaire at 31 years of age. The BMBL share price enjoyed a 52-week high of $84.80 at IPO but has since lost nearly half its value.
Is Bumble gearing up for the metaverse?
Bumble is aware of the buzz around the metaverse, as per the latest announcements from Facebook (NASDAQ: FB), Nvidia (NASDAQ: NVDA), and Disney (NYSE: DIS). But it does not see itself leading the dating sector into this new virtual world.
Will Bumble stock fall further?
Bumble is not the only tech stock to suffer after earnings in recent weeks. And ever since Elon Musk’s controversial Twitter poll, the S&P 500 has been on shaky ground.
What will the IPO do for Bumble?
The injection of money from the IPO will give Bumble the resources it needs to invest more into the business. For example, the Wolfe Herd mentioned international expansion. As Bumble widens its total addressable market, its market share will grow. This will accelerate revenue and profit margins.
How much revenue does Bumble have in 2020?
It posted Q4 revenue rising 31% to $165.6 million. Bumble App accounted for $105.8 million of that revenue and is up 47% from last year.
Is Bumble similar to Match Group?
Bumble is similar to Match Group (NASDAQ: MTCH ). The company’s online dating app is the core business. Bumble has almost no moat compared to Match Group products like Hinge, OK Cupid, Plenty of Fish, or Match Group’s Tinder. There is a novel way the app differentiates itself: On Bumble, only females make the first move.
Does Bumble have the same risks as Fitbit?
It did not work out for Fitbit, as costs grew faster than sales. Bumble does not face the same operational risks as Fitbit.
Is Bumble a risk?
Bumble does not face the same operational risks as Fitbit. The dating app maker is software-based. Since it has no physical hardware costs like Fitbit had, the costs of failure are low. An unfavorable valuation in Bumble stock is the only risk for investors.
About Bumble
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 credit-based dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis. Bumble Inc.
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BMBL: After its Recent Acquisition, is Bumble a Smart Stock to Buy? - StockNews.com
Bumble (NASDAQ:BMBL) Frequently Asked Questions
17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bumble in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Bumble stock. View analyst ratings for Bumble or view top-rated stocks.
