DIRS.INFO The most relevant business & tech news

☆ Citi says it's time to buy Bumble, predicts stock could rally more than 20% as dating app captures market share
▼ + stars: | 2023-03-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to consider scooping up shares of Bumble , Citi says. Analyst Ygal Arounian initiated coverage of the dating app maker with a buy rating, saying in a Friday note that it offers one of the best growth rates within the Wall Street firm's Internet sphere. Bumble shares have fallen 8% this year, following a roughly 38% pullback in 2022. Despite the drop in shares, Arounian placed a $24 price target on the dating stock, implying nearly 24% upside from Thursday's close. Arounian also views Bumble's "women first" messaging and push toward younger audiences as additional positives for the stock going forward.

☆ Stocks making the biggest moves midday: Apple, Meta, Costco, Marvell, C3.ai and more
▼ + stars: | 2023-03-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Costco Wholesale — The retailer's shares dropped 3.4% after the company's fiscal second-quarter earnings missed analysts' expectations. Marvell Technology — The chip stock lost 7.3% after Marvell Technology reported mixed quarterly results and provided weak guidance. The move comes after Bumble announced it would price a secondary offering of 13.75 million shares of its common stock at $22.80 per share. The company earned an adjusted 37 cents per share, above the 29 cents expected by analysts, according to Refinitiv. The company posted a loss of 6 cents per share, compared to Refinitiv analysts' estimates for a 22 cent loss.

☆ Bumble positive on 2023 as user growth defies economic gloom
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

Bumble forecast 2023 revenue growth between 16% and 19%, the midpoint of which was higher than analysts' estimates of 16.97%, according to Refinitiv data. Revenue at Badoo and its other apps, which accounts for nearly one-fifth of the total, fell 11.9% to $50.8 million. The company also said it expects paying users will continue to drop at Badoo - which has a more economically sensitive user base and has a large presence in Western Europe. In the last three months of 2022, Bumble's total paying users increased to 3.4 million from 3 million a year earlier. Quarterly net loss widened to $159.2 million, or 85 cents per share, from $13.9 million, or 7 cents per share, a year earlier.

☆ Bumble confident on 2023 as user growth defies recession fears
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Bumble Inc (BMBL.O) projected full-year revenue growth for 2023 above market estimates on Wednesday as users continued to sign up to its dating app despite a looming recession, sending the company's shares up 6% in extended trading. For the full year 2023, Bumble forecast revenue growth between 16% and 19%, the midpoint of which is above analysts' estimate of 16.97%, according to Refinitiv data. In the last three months of 2022, Bumble's total paying users increased to 3.4 million, from 3 million a year earlier. The company reported revenue of $241.6 million for the quarter, compared with analysts' estimate of $235.9 million, according to Refinitiv data. Reporting by Samrhitha Arunasalam and Vansh Agarwal in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ KeyBanc upgrades Bumble, says shares can rally more than 30% as consumers continue turning to online dating
▼ + stars: | 2023-01-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It's time for investors give shares of Bumble a little more love, according to KeyBanc Capital Markets. Analyst Justin Patterson upgraded shares of the mobile dating company to overweight from a sector weight rating, citing increasing conviction in Bumble's ability to capitalize on online dating trends. As demand for online dating holds up, Patterson expects the company to benefit from further expansion in international markets, moderating foreign exchange headwinds and growth within its compliments offering. "We believe Bumble is benefiting from a secular trend toward online dating globally, and a search for more meaningful relationships," Patterson said. "By focusing deeply on product, brand, and trust and safety, we believe Bumble has created a business that can garner a meaningful user base across geographies."

☆ Top Wall Street analysts pick these stocks to celebrate the new year
▼ + stars: | 2023-01-08 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To help the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their track record. (See Apple Dividend Date & History on TipRanks) The analyst reiterated a Buy rating on AAPL stock with a price target of $210. "AAPL is on our Research Focus List and in our Focus Opportunity Portfolio," emphasized Feinseth, who holds the #269 position among more than 8,000 analysts on TipRanks. The analyst's ratings have been profitable 59% of the time and each rating has generated average returns of 10.5%. Despite reducing the near-term price target to $27 from $30, Kelley maintains a Buy rating on Bumble.

☆ I talked to over 100 women leaders—the top 3 things I learned about what makes them successful
▼ + stars: | 2022-10-10 | by ( Julia Boorstin | ) www.cnbc.com time to read: +4 min

The 120-plus mix of CEOs, founders, and VC investors are — by definition — exceptional in the male-dominated business world. I wanted to both share their stories and also to find takeaways in their successful strategies. I also had a particular advantage as I scheduled back-to-back zoom interviews: pretty much everyone was at home. I was impressed to find these women deploying characteristics that would seem like they could detract from strong leadership — like introversion, empathy or gratitude — to their advantage. Take Jennifer Holmgren, the CEO of Disruptor 50 company LanzaTech, which uses a microbe to turn pollution into a fuel.

Before Bumble, Wolfe Herd cofounded rival dating app Tinder. When Wolfe Herd took Bumble public in 2021, she became the youngest female CEO to do so. Wolfe Herd is married to a Texas oil heir, has two kids, and splits time between her homes in Texas. A representative for Wolfe Herd at Bumble did not respond to Insider's request for comment on Wolfe Herd's career, net worth, or personal life. Keep reading to learn more about Bumble CEO Whitney Wolfe Herd.

Search resuls for: "Bumble's"

8 mentions found