rakuten left binance left net_left adver left
Detail

Bumble: Still Feeling the Love

With pandemic-related restrictions and reduced social contact, the world became an interesting one for dating apps. On the one hand, meeting folks in person became increasingly...
Bumble: Still Feeling the Love © Reuters. Bumble: Still Feeling the Love

With pandemic-related restrictions and reduced social contact, the world became an interesting one for dating apps. On the one hand, meeting folks in person became increasingly difficult. With dinner and a movie out of the question, and the club scene completely shut down, what were those looking to get out there to do?

That said, online dating platforms such as Bumble (BMBL) helped to fill the void. These platforms have provided those looking for love for a way to do so, safely.

However, with the pandemic starting to fade into our rearview mirror (kind of), expectations are that dating could really pick up in the coming quarters. Dating apps like Bumble have a strong pandemic reopening catalyst underpinning their rise right now. Indeed, investors have reason to be bullish on this sector. I am bullish on this stock.

Currently, Bumble is the second highest-grossing online dating app, trailing only behind Match Group’s (MTCH) Tinder. Although dating in the social scene is set to gather momentum, Bumble might still see considerable growth.

Bumble's stock price rallied on August 12, right after the online dating platform posted an impressive second-quarter result. The growth rate and stock valuation of Bumble seem to be quite attractive. However, the spread of the Delta variant can act as a hurdle in the prospects of the company. (See Bumble stock chart on TipRanks)

Bumble is Expanding its Base

Bumble’s core app has secured a high-growth rate in the past couple of years. The online dating app is popular for letting female users make the first move while communicating with a potential partner.

Notably, Bumble's market share in the U.S. surged from 10% to 19% between 2017 and 2020. This has positioned Bumble right behind Tinder, which has a current market share of 40%.

Bumble is also planning to expand its offerings in major overseas markets like India. Monthly active users in India jumped around 60% on a year-over-year basis in the second quarter. It has stated that the company noticed higher registration growth, more customer reactivation and improvement in customer engagement during Q2.

The online dating app also wishes to improve and expand its female-oriented features. These features include Bumble BFF (meant for platonic friendship) and Bumble Bizz (for business connections). According to Bumble CEO Whitney Wolfe Herd, more than 10% of users have been using the BFF feature.

She also adds that the average time users spent on the app rose 10% during the second quarter. Interestingly, women users spent 24% more time on average than men.

High Revenue and Growth

Bumble’s recent quarterly report has been quite robust. The dating app posted revenue growth of 38% on a year-over-year basis. Q2 revenue stood at $186.2 million, which exceeded analyst estimates by $7.5 million. The revenue generated from its namesake app soared 55% to touch $127.3 million. Moreover, the app registered a spike in its paying users by 36%, to 1.47 million.

Badoo, which is an older app popular in Europe and Latin America, also witnessed revenue growth of 11%. In addition, the number of paying users moved up to 1.45 million.

Bumble is much smaller than the Match Group (NASDAQ:MTCH), which operates Tinder, Hinge and several other popular apps. However, it is growing more quickly than the Match apps. The company has ramped up its guidance for revenue growth from 29% to 31% for the entire year. The previous guidance ranged between 24% and 26%. 

Is Bumble Stock Worth Buying?

Bumble comes with high growth potential, along with an attractive valuation based on this growth. However, it is a reopening play. The spread of the Delta variant across the world shows that the pandemic is far from over. Increasing COVID cases might bring back previously imposed restrictions.

Analysts believe the new variant might actually impact Bumble’s core business while affecting its new restaurant business. Although Bumble is poised for an impressive growth trajectory, the stock might not perform as decently as expected.

What are Analysts Saying about BMBL Stock?

As per TipRanks' analysts rating consensus, BMBL stock is a Strong Buy. Out of 5 ratings, there are 4 Buy recommendations and 1 Hold recommendation.

The average BMBL price target is $66.80. Analyst targets range between a low of $54 per share to a high of $75 per share.

Bottom Line

The Delta variant might pose a significant threat to Bumble. However, its core business strategy is robust, and it is focusing on expanding its global presence. These factors should be enough to encourage investors to dive into this stock.

Disclosure: At the time of publication, Chris MacDonald did not have a position in any of the securities mentioned in this article.

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

ig right nyse right Neteller adver right
APPROVED BROKERS
Row 1 Left net_home_top Row 1 Right Row 2 Left Row 2 Center Row 2 Right Main Right TOP 07 Main Right TOP 06 Main Right TOP 05 Main Right TOP 04 Main Right TOP 03 Main Right TOP 01
21-09-2021 06:17:14 (UTC+7)

EUR/USD

1.1725

0.0001 (0.00%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.1725

0.0001 (0.00%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.3657

0.0001 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/JPY

109.39

-0.01 (-0.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.7254

+0.0004 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

USD/CAD

1.2815

-0.0010 (-0.08%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

EUR/JPY

128.26

0.00 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/CHF

1.0879

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

Gold Futures

1,764.95

+1.15 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Silver Futures

22.253

+0.049 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

Copper Futures

4.1270

+0.0020 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

70.44

+0.30 (+0.43%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

74.24

+0.18 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

Natural Gas Futures

4.946

-0.011 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

182.30

-4.10 (-2.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,043.63

-87.21 (-2.11%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

S&P 500

4,357.73

-75.26 (-1.70%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

DAX

15,132.06

-358.11 (-2.31%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

FTSE 100

6,903.91

-59.73 (-0.86%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Hang Seng

24,099.14

-821.62 (-3.30%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,178.78

-58.09 (-2.60%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

IBEX 35

8,655.40

-105.50 (-1.20%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

BASF SE NA O.N.

61.660

-1.425 (-2.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

45.23

+0.16 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Allianz SE VNA O.N.

183.86

-6.37 (-3.35%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (4)

Adidas AG

280.52

-1.08 (-0.38%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (6)

Deutsche Lufthansa AG

8.664

+0.454 (+5.53%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (3)

Siemens AG Class N

142.26

-6.50 (-4.37%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (5)

Deutsche Bank AG

10.230

-0.850 (-7.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

 EUR/USD1.1725Sell
 GBP/USD1.3657↑ Sell
 USD/JPY109.39↑ Sell
 AUD/USD0.7254↑ Sell
 USD/CAD1.2815Buy
 EUR/JPY128.26↑ Sell
 EUR/CHF1.0879↑ Sell
 Gold1,764.95↑ Buy
 Silver22.253↑ Sell
 Copper4.1270↑ Sell
 Crude Oil WTI70.44↑ Sell
 Brent Oil74.24↑ Buy
 Natural Gas4.946↑ Buy
 US Coffee C182.30↑ Sell
 Euro Stoxx 504,043.63↑ Sell
 S&P 5004,357.73↑ Buy
 DAX15,132.06↑ Buy
 FTSE 1006,903.91Neutral
 Hang Seng24,099.14↑ Buy
 Small Cap 20002,178.78↑ Buy
 IBEX 358,655.40↑ Sell
 BASF61.660↑ Buy
 Bayer45.23↑ Sell
 Allianz183.86↑ Buy
 Adidas280.52Neutral
 Lufthansa8.664Neutral
 Siemens AG142.26Sell
 Deutsche Bank AG10.230↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,650/ 5,700
(0/ 0) # 856
SJC HCM5,615/ 5,680
(0/ 0) # 836
SJC Hanoi5,615/ 5,682
(0/ 0) # 838
SJC Danang5,615/ 5,682
(0/ 0) # 838
SJC Nhatrang5,615/ 5,682
(0/ 0) # 838
SJC Cantho5,615/ 5,682
(0/ 0) # 838
Cập nhật 21-09-2021 06:17:16
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,764.37+10.170.58%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$70.44+0.610.86%
Brent$74.14+0.560.75%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.645,0022.875,00
EUR25.997,5927.350,60
GBP30.426,3531.697,56
JPY202,06213,76
KRW16,5320,13
Cập nhật lúc 06:14:09 21/09/2021
Xem bảng tỷ giá hối đoái
binance main right Fxpro aetos main right adver main right