Bumble Inc (BMBL: NSD) saw its stock price tumble after the company reported Q4 earnings that fell short of analysts’ expectations.
Key Insights from Bumble’s Q4 report:
Below are the key financial insights from Bumble Q4 report earnings:
- Bumble reported a loss of $0.19 per share, missing analyst expectations of $0.12 per share.
- Bumble’s revenue was $273.6 million, falling short of the predicted $285.9 million. However, revenue still increased by 13.2% year-over-year.
- Bumble’s saw strong user growth, with a total of 3.8 million paying users across platforms. This marks a significant increase of 530,200 users compared to the previous year.
Stock Target Advisor’s Analysis on Bumble:
Stock Target Advisor rates BMBL as a ‘Sell,’ projecting no price changes in the next 12 months. This rating starkly contrasts with the average analyst’s target price of approximately $18.60 for BMBL and a consensus Strong Buy rating. Stock Target Advisor’s bearish outlook rests on two positive signals countered by a more concerning six negative signals.
The Software – Application sector, to which Bumble belongs, holds an average Buy rating from its analysts. Stock Target Advisor presents a slightly bearish view on the sector and cites top-ranked analyst Stifel Nicolaus as particularly noteworthy.
Conclusion:
Bumble’s Q4 results were a mixed bag. While the company continues to see strong user growth, its financial performance fell short of analysts’ expectations. This led to a decline in the stock price, but investors will be watching closely to see how Bumble navigates the coming quarters and whether it can meet future financial projections.
