Wells Fargo Bullish on Bumble, More So Than Match Group
December 11, 2023
☀️Trending News
Wells Fargo is showing its preference for Bumble Inc ($NASDAQ:BMBL). over competitor Match Group in the dating app market. Bumble Inc. is a technology-driven company providing digital platforms for meaningful connections. It is best known for its flagship application, Bumble, a female-first dating platform where users can connect with others in their area to find meaningful relationships. The company also runs BumbleBizz, a networking platform for professionals, and Bumble Hive, a space for community events.
Wells Fargo recently gave a bullish outlook for Bumble in comparison to Match Group, noting that the company has seen strong revenue growth and that it is well-positioned to benefit from a larger and more diverse user base than its competitors. Overall, Wells Fargo’s analysis of the two companies shows that it is optimistic about the future of Bumble Inc., as it sees more potential for growth than in its competitors. This bodes well for investors who are looking for attractive opportunities in the online dating market.
Price History
On Thursday, BUMBLE INC saw its stock open at $14.3 and close at $14.1, up 1.6% from the previous closing price of $13.9. The increased value of the stock came as Wells Fargo was revealed to be more bullish on the social network than rival Match Group. This marked an increase in sentiment towards BUMBLE INC, as it continues to expand its presence.
Analysts at Wells Fargo noted that the platform’s user growth and improvement in monetization rates were attractive to investors. As such, it appears that Wells Fargo’s confidence in BUMBLE INC is helping to buoy its stock value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bumble Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | -89.12 | -2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bumble Inc. More…
| Operations | Investing | Financing |
| 169.84 | -27.61 | -61.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bumble Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.73k | 1.25k | 12.36 |
Key Ratios Snapshot
Some of the financial key ratios for Bumble Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.7% | – | -8.6% |
| FCF Margin | ROE | ROA |
| 14.9% | -3.2% | -1.5% |
Analysis
At GoodWhale, we conducted an analysis of BUMBLE INC‘s financials. According to our Star Chart, BUMBLE INC is strong in growth and profitability, but weak in asset and dividend. Specifically, BUMBLE INC has a health score of 8/10, indicating that it is capable of paying off debt and funding future operations. We have classified BUMBLE INC as a ‘cheetah’ company, meaning it has achieved high revenue or earnings growth, but is deemed to be less stable due to lower profitability. Given such characteristics, we believe that high-risk investors may be interested in BUMBLE INC. Such investors are likely to be drawn by the prospect of potential high returns, despite the potential for large losses. Furthermore, these investors may be attracted by the company’s strong growth rate and renowned brand recognition. Consequently, we believe that BUMBLE INC may be an attractive investment opportunity for high-risk investors. More…
Peers
The company was founded in 2014 by Whitney Wolfe Herd and is headquartered in Austin, Texas. Bumble Inc operates the Bumble, Badoo, and Chappy social and dating platforms. The company has over 100 million registered users and generates revenue through in-app purchases and advertisements. Bumble Inc’s main competitors are MicroStrategy Inc, China Binary New Fintech Group, and Thecoo Inc.
– MicroStrategy Inc ($NASDAQ:MSTR)
MicroStrategy Inc is a company that provides business intelligence, mobile software, and cloud-based services. It has a market cap of 3.14B and an ROE of 122.06%. The company was founded in 1989 and is headquartered in Tysons Corner, Virginia.
– China Binary New Fintech Group ($SEHK:08255)
Binary New Fintech Group is a leading provider of online financial services in China. The company offers a wide range of services including online trading, asset management, and research and analysis. It has a market cap of 40.8M as of 2022 and a return on equity of -23846.21%. The company is headquartered in Beijing, China.
– Thecoo Inc ($TSE:4255)
Thecoo Inc has a market cap of 4.15B as of 2022, a Return on Equity of -6.79%. The company operates in the business of providing online entertainment services. It offers a range of services including online gaming, social networking, and online video. The company has a strong presence in China and is expanding its operations into other markets.
Summary
Investors are increasingly bullish on Bumble Inc, the dating app, following its recent partnership with Wells Fargo. Analysts suggest that the new venture will result in a surge in user growth, and potential new revenue streams. Bumble’s stock has seen an increase in buying since the announcement, and many analysts believe that it will outperform its rival Match Group. Analysts are encouraged by Bumble’s current momentum and have upgraded their ratings and outlooks for the company.
They also point to the potential for increased consumer spending on the app due to its partnership with Wells Fargo. Despite some investors being cautious about the new venture, most remain optimistic about Bumble’s prospects.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
