$BMBL Q3 2022 Earnings Report
$BMBL Long
Bumble is a dating company very similar to Tinder. Recently, Tinder came out with a report that didn’t meet the expectations and also caused Bumble to go down. However, I don’t think the same will apply to Bumble. In their previous report, they were very positive that these strong conditions will continue for them. At the same time, Tinder is an app that every person who wants to date has already tried so in my opinion a lot of these lost Tinder subscribers will move to apps such as Bumble. According to a Raymond James analyst, "Bumble has been the best performing stock in our digital media coverage as the online dating landscape has seen tailwinds from continued re-opening momentum with little macro impact to date,". The analyst also believes that Bumble’s second-quarter results will be roughly in-line with company guidance, as data from Google Trends and Sensor Tower points to a solid environment for user growth. Although most other major apps in the sector saw quarter-over-quarter declines, Google Trends search volume for Bumble was up 9% over Q1. As such, Marok believes Bumble added 50,000 paying users in Q2. The estimates for Bumble's second quarter also say the same thing. The company is expected to post a per-share loss of 1 cent, lower than the 5 cents per share it lost in Q2 2021. During the past couple of months, we saw many big companies miss estimates while their smaller competitors were able to beat everything such as Walmart and Albertsons or Netflix and other movie platforms. I believe the same thing will be happening to Bumble this quarter. Disadvantages: Bumble recently had to increase its membership prices which could have caused many users to stop their subscriptions. At the same time, Tinder, their biggest competitor, had a very bad quarter which could also mean the same for them. Why this stock? This is a relatively small company that doesn’t have a big trade volume so there won’t be any big jumps. At the same time, they are already an established company so predicting its results is much easier.
Stock price history: Last week -1.9% Last month +4.8% Last 6 months +20% last year -25% Initial reaction: Short Researched reaction: Long Debt VS. Revenue: 1.3B Revenue: 950M Recent purchases: Accel Leaders Fund II Associates L.L.C. bought a new position in Bumble in the 4th quarter worth $57,019,000. JPMorgan Chase & Co. grew its position in shares of Bumble by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 9,985,372 shares of the company’s stock worth $338,105,000 after buying an additional 1,166,447 shares during the period. Capital International Investors grew its position in shares of Bumble by 104.9% in the 4th quarter. Capital International Investors now owns 1,222,539 shares of the company’s stock worth $41,395,000 after buying an additional 625,810 shares during the period. Invesco Ltd. grew its position in shares of Bumble by 47.6% in the 4th quarter. Invesco Ltd. now owns 1,590,513 shares of the company’s stock worth $53,855,000 after buying an additional 512,928 shares during the period. Finally, KCL Capital L.P. purchased a new stake in shares of Bumble in the 4th quarter worth about $13,544,000. 98.62% of the stock is currently owned by institutional investors. Amount of estimates missed since last year: 3/4 Top 10 Owners of Bumble Inc Stockholder Stake Shares owned Total value ($) Shares bought / sold Total change JPMorgan Investment Management, I... 7.50% 9,713,426 273,432,942 +3,277,793 +50.93% Fidelity Management & Research Co... 6.02% 7,802,691 219,645,752 +3,478,100 +80.43% The Vanguard Group, Inc. 5.57% 7,207,583 202,893,461 +77,387 +1.09% Blackstone Alternative Solutions ... 3.24% 4,200,373 118,240,500 0 0.00% Massachusetts Financial Services ... 2.92% 3,780,678 106,426,086 +308,158 +8.87% Southpoint Capital Advisors LP 2.07% 2,680,800 75,464,520 +2,680,800 -- Citadel Advisors LLC 2.02% 2,609,749 73,464,434 -823,293 -23.98% Allspring Global Investments LLC 1.74% 2,247,094 63,255,696 +24,850 +1.12% Wellington Management Co. LLP 1.65% 2,133,523 60,058,672 +420,073 +24.52% Eagle Asset Management, Inc. 1.55% 2,004,357 56,422,650 +963,702 +92.61% Key Data Label Value Exchange NASDAQ-GS Sector Technology Industry Computer Software: Prepackaged Software 1 Year Target $37.50 Today's High/Low $36.79/$34.21 Share Volume 2,605,794 Average Volume 2,492,737 Previous Close $35.08 52 Week High/Low $61.05/$15.41 Market Cap 4,544,875,012 Forward P/E 1 Yr. 206.35 Earnings Per Share(EPS) $-0.07 Annualized Dividend N/A Ex Dividend Date N/A Dividend Pay Date N/A Current Yield N/A CEO: Estimate: +15% Time: After market