|Bid||157.46 x 900|
|Ask||156.65 x 800|
|Day's Range||154.72 - 160.59|
|52 Week Range||100.61 - 174.68|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||84.44|
|Earnings Date||Nov 02, 2021 - Nov 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 10, 2015|
|1y Target Est||173.22|
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%.
Match Group shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 72 to 81.
Match Group (MTCH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.