Bumble Inc. (BMBL, Financial), a prominent player in the online dating industry, experienced a significant stock price increase of 5.04%. The stock is currently trading at $8.44 per share with a trading volume of 654,807 shares and a turnover rate of 0.61%. The stock's price fluctuation during this period was 5.38%.
Recent financial reports reveal that Bumble generated $274 million in revenue. However, the company incurred a net loss of $613 million, translating to an earnings per share (EPS) of -$5.11. The gross profit stood at $176 million, and the price-to-earnings (P/E) ratio is -1.79.
In terms of analyst ratings, 22% of the 23 institutions providing coverage recommend buying the stock, while 70% suggest holding, and 8% advise selling.
Within the broader internet information services sector, where Bumble operates, the overall growth was 2.03%. Notable performers in this sector include companies like Jinxin Technology, Giftify, Inc., and Outbrain Inc. Digital Ally, Inc., Asset Entities Inc., and Spotify Technology S.A. showed significant trading activity with turnover rates of 9.35%, 5.34%, and 2.52%, respectively. Stocks with notable price swings include Locafy Limited and Moneyhero Ltd, with fluctuations of 40.91% and 28.55%, respectively.
Bumble Inc. is known for its online dating services, primarily through its Bumble and Badoo apps, which facilitate new connections and friendships for users each month.
