|Bid||0.00 x 1200|
|Ask||0.00 x 2900|
|Day's Range||53.75 - 55.59|
|52 Week Range||38.91 - 84.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||487.19|
|Earnings Date||Aug 11, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||63.54|
The bulls believe Bumble can carve out a high-growth niche against Match Group (NASDAQ: MTCH), which owns Tinder, Hinge, OK Cupid, and other popular dating apps. Bumble's share of the U.S. dating app market rose from 10% in 2017 to 19% in 2020, according to Sensor Tower, putting it firmly in second place behind Tinder's 40% share. Bumble expects its total revenue to rise 29% to 31% this year, while analysts expect Match's revenue to grow 26%.
Dating apps Match and Bumble 'could see higher margins beginning in 2022-23,' Cowen analyst John Blackledge wrote.
Shares of Bumble Inc. fell 1.4% in premarket trading Friday, after the dating app said the size of the previously announced stock offering increased by 20%, and announced the pricing of the offering at $54.00 a share. The company said late Thursday that selling stockholders affiliated with Blackstone Inc. sold 18.0 million shares in the offering, up from 15.0 million when the offering was originally announced after the Sept. 7 close. The pricing of the offering represented a 3.0% discount to Thu