Bumble (NASDAQ:BMBL – Get Free Report) issued its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12, Briefing.com reports. Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. The business had revenue of $267.80 million during the quarter, compared to analysts’ expectations of $265.41 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Bumble updated its Q2 2024 guidance to EPS and its FY 2024 guidance to EPS.
Bumble Trading Up 11.5 %
Shares of Bumble stock opened at $11.45 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -381.67, a PEG ratio of 0.28 and a beta of 1.67. Bumble has a twelve month low of $9.83 and a twelve month high of $21.06. The business has a 50-day moving average price of $10.71 and a 200-day moving average price of $12.85.
Insider Activity at Bumble
In other Bumble news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of Bumble stock in a transaction that occurred on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total value of $27,853,407.60. Following the sale, the insider now owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.84% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
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Bumble Company Profile
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 in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.
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