Bumble Inc. Announces Second Quarter 2024 Results

Bumble Inc. (BMBL) PT Lowered to $10 at Loop Capital

Loop Capital analyst Laura Champine lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $10.00 (from $15.00) while maintaining a Buy rating.

The analyst comments "We are reiterating our Buy rating but cutting our price target on Bumble from $15 to $10 today. We're cutting our... More

Citi Downgrades Bumble Inc. (BMBL) to Neutral

Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).

The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More

Bumble Inc. (BMBL) PT Lowered to $8 at RBC Capital

RBC Capital analyst Brad Erickson lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $8.00 (from $16.00) while maintaining a Outperform rating.

The analyst comments "To say BMBL had a tough qtr would be an understatement. Through a combination of top-of-funnel softness and self-inflicted... More

Evercore ISI Downgrades Bumble Inc. (BMBL) to In Line

Evercore ISI analyst Mark Mahaney downgraded Bumble Inc. (NASDAQ: BMBL) from Outperform to In Line with a price target of $8.00 (from $18.00).

The analyst comments "We are downgrading BMBL to In-Line with $8 PT in the wake of a Modest Miss & Materially Lower Q2 EPS result. Q2... More

Bumble Inc. (BMBL) PT Lowered to $7 at Wolfe Research

Wolfe Research analyst Shweta Khajuria lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $7.00 (from $14.00) while maintaining a Outperform rating.

The analyst comments "Our OP rating is based on our belief that the company's new leadership team is taking the right actions on... More

Bumble stock crashes 35% as company cuts annual revenue forecast

Bumble (NASDAQ: BMBL) saw its shares crash more than 35% in premarket trading Thursday after the company cut its annual revenue growth forecast, raising concerns among investors about the dating app operator's growth strategy.

For the second quarter, Bumble reported earnings per share (EPS) of $0.22, exceeding analyst expectations of $0.15. Revenue came in at $269 million, slightly below the consensus estimate of $273.18 million.

The total number of... More

Bumble (BMBL) Tops Q2 EPS by 7c, Guidance Misses Views

Bumble (NASDAQ: BMBL) reported Q2 EPS of $0.22, $0.07 better than the analyst estimate of $0.15. Revenue for the quarter came in at $269 million versus the consensus estimate of $273.18 million.

GUIDANCE:

Bumble sees Q3 2024 revenue of $269-275 million vs $296 million consensus.... More