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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.

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28-09-2021 06:09:15 (UTC+7)

EUR/USD

1.1695

+0.0001 (+0.01%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.1695

+0.0001 (+0.01%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.3702

+0.0007 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (6)

Sell (1)

USD/JPY

111.00

-0.01 (-0.00%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

AUD/USD

0.7283

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2628

0.0001 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

EUR/JPY

129.82

+0.04 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

1.0827

+0.0004 (+0.04%)

Summary

Buy

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Buy (9)

Sell (3)

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Buy (4)

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Gold Futures

1,750.65

+0.80 (+0.05%)

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↑ Sell

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Silver Futures

22.635

-0.059 (-0.26%)

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Copper Futures

4.2790

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Buy (3)

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Crude Oil WTI Futures

75.36

-0.05 (-0.07%)

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Buy (2)

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Brent Oil Futures

78.62

+0.01 (+0.01%)

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↑ Buy

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Buy (10)

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Buy (4)

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Natural Gas Futures

5.918

+0.058 (+0.99%)

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↑ Buy

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Buy (12)

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Buy (7)

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US Coffee C Futures

194.98

+0.63 (+0.32%)

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↑ Buy

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Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,165.48

+6.97 (+0.17%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (0)

Sell (9)

S&P 500

4,443.11

-12.37 (-0.28%)

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↑ Sell

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Buy (0)

Sell (9)

DAX

15,573.88

+42.13 (+0.27%)

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FTSE 100

7,063.40

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Buy (1)

Sell (7)

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24,208.78

+16.62 (+0.07%)

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↑ Buy

Moving Avg:

Buy (10)

Sell (2)

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Buy (8)

Sell (0)

US Small Cap 2000

2,281.79

+33.71 (+1.50%)

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↑ Sell

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Buy (0)

Sell (12)

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Buy (0)

Sell (7)

IBEX 35

9,002.90

+129.80 (+1.46%)

Summary

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Buy (7)

Sell (5)

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BASF SE NA O.N.

64.740

+1.040 (+1.63%)

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↑ Sell

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Buy (1)

Sell (5)

Bayer AG NA

47.47

+0.99 (+2.13%)

Summary

↑ Buy

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Buy (12)

Sell (0)

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Buy (9)

Sell (0)

Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (6)

Sell (2)

Adidas AG

278.80

-2.77 (-0.98%)

Summary

↑ Sell

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Buy (0)

Sell (12)

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Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (7)

Sell (2)

Siemens AG Class N

147.27

-0.84 (-0.57%)

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↑ Sell

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Buy (1)

Sell (11)

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Buy (0)

Sell (10)

Deutsche Bank AG

11.120

+0.285 (+2.63%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.1695Sell
 GBP/USD1.3702↑ Sell
 USD/JPY111.00↑ Buy
 AUD/USD0.7283↑ Sell
 USD/CAD1.2628↑ Buy
 EUR/JPY129.82↑ Buy
 EUR/CHF1.0827Buy
 Gold1,750.65↑ Sell
 Silver22.635↑ Sell
 Copper4.2790↑ Sell
 Crude Oil WTI75.36↑ Sell
 Brent Oil78.62↑ Buy
 Natural Gas5.918↑ Buy
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,443.11↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,281.79↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 06:09:17
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ↀ Giá vàng thế giới
$1,751.14+1.640.09%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.19-0.5-0.67%
Brent$78.60-0.59-0.76%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 06:01:03 28/09/2021
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