Dating app operator Bumble said on Friday its founder and executive chair, Whitney Wolfe Herd, will become the chief executive of the company from mid-March after Lidiane Jones resigned as CEO.
Bumble Inc. (BMBL) closed at $7.56 in the latest trading session, marking no change from the prior day.
The online dating industry may have hit its roughest patch yet. With global online dating spend flatlining at a projected 0% growth in 2025, JPMorgan analyst Cory Carpenter sees stagnation stemming from a lack of innovation and waning interest among younger users.
Bumble stands out with its innovative platforms, pricing moves and a brand built on women empowerment.
Wolfe Research downgraded Bumble to Peer Perform from Outperform. The firm sees execution post a product reset, the recent CFO exit, rising competition, and slowing industry growth as key risk factors. The analyst expects a conservative 2025 guidance, and views Bumble as a trading asset versus an investment asset over the near-to-medium term.
Here are four under-$10 tech stocks, SSYS, PHUN, BMBL and VTEX, which are poised for growth in 2025, driven by AI, cloud computing and industry innovation.
Bumble's stock is a "Strong Buy" due to the company's robust free cash flow generation and significant share buybacks - buying back more than 10% of its shares in Q3. Q3 2024 results showed stabilizing revenue, with $220 million from the Bumble App and 52,000 new paying users, despite a 10% YoY ARPPU decline. Q4 2024 guidance is solid, projecting stabilizing revenue with steady adjusted EBITDA margins.
Match has had two downgrades this week and Bumble is even more unpopular with Wall Street.
Bumble (BMBL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Bumble said on Monday Anu Subramanian will step down as chief financial officer, effective March 14, 2025.
NEW YORK, NY / ACCESSWIRE / November 25, 2024 / If you suffered a loss on your Bumble Inc. (NASDAQ:BMBL) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / November 25, 2024 / If you suffered a loss on your Bumble Inc. (NASDAQ:BMBL) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.