Bumble Inc. Class A Common Stock (BMBL)
Bumble Inc. Class A (BMBL) is a social networking company founded in 2014, known for its dating app that emphasizes empowering women to make the first move. In addition to its flagship dating platform, Bumble also offers modes for friendships (Bumble BFF) and professional networking (Bumble Bizz). The company went public in 2021 and focuses on fostering safe, inclusive, and engaging online communities.
Company News
Law firm Kirby McInerney LLP is investigating potential securities law violations by Bumble Inc. after the company's share price dropped 30.4% following the discontinuation of two acquired apps, Fruitz and Official.
The Schall Law Firm is investigating potential securities law violations by Bumble Inc. after the company reported an 8.7% drop in users, causing its stock to decline over 15.9% the following day.
Atlassian reported better-than-expected Q4 earnings and revenues, beating the Zacks Consensus Estimate. The company has surpassed consensus EPS estimates four times over the last four quarters. However, the stock has underperformed the market so far this year.
Citi analysts have lowered their estimates and price targets for Bumble and Match Group, citing continued softer app trends and a product roadmap that requires more patience. They have opened downside catalyst watches for both companies, reflecting a cautious outlook on the second half of 2024.
BMBL earnings call for the period ending March 31, 2024.
