Bumble Inc. downgraded by Citigroup with a new price target
$BMBL
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Technology
Citigroup downgraded Bumble Inc. from Buy to Neutral and set a new price target of $6.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/16/2024 | $22.00 → $7.50 | Buy → Hold | TD Cowen |
| 8/9/2024 | Buy → Hold | HSBC Securities | |
| 8/9/2024 | $14.00 → $6.00 | Positive → Neutral | Susquehanna |
| 8/8/2024 | $12.00 → $6.00 | Buy → Neutral | Citigroup |
| 8/8/2024 | Buy → Neutral | BTIG Research | |
| 8/8/2024 | $13.00 → $6.50 | Buy → Hold | Stifel |
| 8/8/2024 | $17.00 → $7.00 | Overweight → Neutral | JP Morgan |
Bumble Inc. (NASDAQ:BMBL) shares are experiencing a notable uptick Tuesday after Wolfe Research initiated coverage with an Outperform rating and a price target of $14, representing a potential upside of 49.1%. What To Know: Analyst Shweta Khajuria cited Bumble's strong brand, unique woman-first product experience and positive free cash flow as key reasons for the optimistic outlook. Bumble, which operates the popular dating apps Bumble and Badoo, is expected to benefit from international expansion, new product features and increased market share from competitors like Tinder. The company's innovative approach, including the Bumble For Friends (BFF) and business segments, is seen as a s
Wolfe Research analyst Shweta Khajuria initiates coverage on Bumble (NASDAQ:BMBL) with a Outperform rating and announces Price Target of $14.
Citigroup analyst Ygal Arounian maintains Bumble (NASDAQ:BMBL) with a Buy and lowers the price target from $14 to $12.
KeyBanc Capital Markets downgraded Bumble Inc. from Overweight to Sector Weight
TD Cowen downgraded Bumble Inc. from Buy to Hold and set a new price target of $7.50 from $22.00 previously
HSBC Securities downgraded Bumble Inc. from Buy to Hold
Bumble Inc. (NASDAQ:BMBL) today announced that management will participate at the following investor conference: Wells Fargo 8th Annual TMT Summit Rancho Palos Verdes, CA Tuesday, December 3, 2024 Fireside Chat at 11:00 a.m. PT The conference fireside chat will be available via live audio webcast accessible on the Investors section of the Company's website at https://ir.bumble.com. About Bumble Inc. Bumble Inc. is the parent company of Bumble, Bumble For Friends, Badoo, Fruitz and Official. The Bumble platform enables people to build healthy and equitable relationships, through Kind Connections. Founded by Whitney Wolfe Herd in 2014, Bumble was one of the first dating apps built wit
Total Revenue Decreased 1% to $274 Million Bumble App Revenue Decreased 1% to $220 Million Bumble App Paying Users Increased 10% to 2.9 Million; Grew 52,000 Quarter Over Quarter Bumble Inc. (NASDAQ:BMBL) today reported financial results for the third quarter ended September 30, 2024. "We delivered on our financial objectives for the third quarter as we executed on our plans to reimagine Bumble App to enable the next generation of online-to-real-world connections," said Lidiane Jones, CEO of Bumble Inc. "Our work is focused on strengthening our ecosystem, rolling out a rebalanced marketing approach to drive high-quality user growth, achieving a steady cadence of product releases, and evolv
Bumble Inc. (NASDAQ:BMBL) today announced that it will report financial results for the third quarter ending September 30, 2024, following the close of market on Wednesday, November 6, 2024. The Company will host a live webcast of its conference call to discuss the results at 4:30 p.m. Eastern Time on that day. The webcast of the call, the earnings release, and any related materials will be accessible on the Investors section of the Company's website at https://ir.bumble.com. A webcast replay will be available approximately two hours after the conclusion of the live event. About Bumble Inc. Bumble Inc. is the parent company of Bumble, Bumble for Friends, Badoo, Fruitz and Official. The B
Bumble Inc., the parent company of Bumble, Bumble for Friends, Badoo, Fruitz and Official, has today announced that Elizabeth Monteleone has been promoted to Chief Legal Officer. Monteleone has been instrumental in shaping the company's legal and compliance function into what it is today, alongside spearheading the company's public policy initiatives, having worked to pass laws throughout the US focused on reducing digital harassment, as well as supporting the company in its reproductive rights initiatives. As Chief Legal Officer, Monteleone will work closely with the Bumble Inc. Board of Directors and Executive Leadership Team to strengthen the organization's legal and compliance teams
Ali Rayl appointed Chief Product Officer; Antoine Leblond appointed Chief Technology Officer; David Ard appointed Chief People Officer; Bumble Veteran Selby Drummond named Chief Marketing Officer Bumble Inc. (NASDAQ:BMBL) today announced the transformation of the company's executive leadership team with the appointment of four seasoned executives to enable and drive Bumble's next chapter of growth through an intense focus on product, innovation, people and brand. Ali Rayl has been appointed Chief Product Officer, Antoine Leblond as Chief Technology Officer, David Ard as Chief People Officer, and Selby Drummond was promoted to Chief Marketing Officer. All four executives will report to C
To mark Safer Internet Day, Bumble Inc. (NASDAQ:BMBL) has announced its latest feature, Deception Detector™, building on its decade-long priority of building kind, safe, and authentic connections. Deception Detector™ uses Artificial Intelligence (AI) to help identify spam, scam and fake profiles, aiming to take action before members even see them. Within the first two months of the technology's introduction, Bumble saw member reports of spam, scam, and fake accounts reduced by 45%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240206911584/en/Bumble Inc. Launches Deception Detector™: An AI-Powered Shield Against Spam, Scam and
Total Revenue Decreased 1% to $274 Million Bumble App Revenue Decreased 1% to $220 Million Bumble App Paying Users Increased 10% to 2.9 Million; Grew 52,000 Quarter Over Quarter Bumble Inc. (NASDAQ:BMBL) today reported financial results for the third quarter ended September 30, 2024. "We delivered on our financial objectives for the third quarter as we executed on our plans to reimagine Bumble App to enable the next generation of online-to-real-world connections," said Lidiane Jones, CEO of Bumble Inc. "Our work is focused on strengthening our ecosystem, rolling out a rebalanced marketing approach to drive high-quality user growth, achieving a steady cadence of product releases, and evolv
Bumble Inc. (NASDAQ:BMBL) today announced that it will report financial results for the third quarter ending September 30, 2024, following the close of market on Wednesday, November 6, 2024. The Company will host a live webcast of its conference call to discuss the results at 4:30 p.m. Eastern Time on that day. The webcast of the call, the earnings release, and any related materials will be accessible on the Investors section of the Company's website at https://ir.bumble.com. A webcast replay will be available approximately two hours after the conclusion of the live event. About Bumble Inc. Bumble Inc. is the parent company of Bumble, Bumble for Friends, Badoo, Fruitz and Official. The B
Total Revenue Increased 3% to $269 Million Bumble App Revenue Increased 5% to $218 Million Bumble App Paying Users Increased 15% to 2.8 Million; Grew 87,000 Quarter Over Quarter Net Earnings of $38 Million, Adjusted EBITDA of $75 Million Bumble Inc. (NASDAQ:BMBL) today reported financial results for the second quarter ended June 30, 2024. "Our first chapter of the Bumble App launch delivered better women's experiences and improved engagement," said Lidiane Jones, CEO of Bumble Inc. "We are pleased with these early wins but it's evident that to reignite the user growth engine for Bumble Inc. in the long term, we need to take a firm stance towards delivering customer value that goes
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