Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market performance and growth prospects, leading to significant stock price declines following disappointing financial results [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), and it involves purchasers of Bumble securities from November 7, 2023, to August 7, 2024 [1]. - Investors have until November 25, 2024, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that Bumble's management created a false impression of reliable market information, which contributed to overconfidence in the relaunch of the Bumble app and its Premium Plus subscription tier [3]. Group 2: Financial Performance Allegations - On February 27, 2024, Bumble reported disappointing fourth quarter fiscal 2023 results, leading to a nearly 15% decline in stock price after announcing a need to revamp the Premium Plus tier due to poor market fit [4]. - On August 7, 2024, Bumble disclosed mixed second quarter 2024 results, stating that the app relaunch was not proceeding as planned, resulting in a more than 29% decline in stock price [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Bumble securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief [7].

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Bumble Inc. ("Bumble" or the "Company") (NASDAQ: BMBL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Bumble investors who were adversely affected by alleged securities fraud between November 7, 2023 and August 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/bumble-lawsuit-submission-form?pri ...

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bumble Inc. (NASDAQ: BMBL) between November 7, 2023 and August 7, 2024, both dates inclusive (the “Class Period”), of the important November 25, 2024 lead plaintiff deadline. SO WHAT: If you purchased Bumble securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT T ...

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Bumble Inc. (NASDAQ: BMBL). Shareholders who purchased shares of BMBL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/bumble-loss-submission-form/?id=111431&from=3 CLASS PERIOD: November 7, 2023 to August ...

Core Viewpoint - Bumble Inc. (BMBL) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][6]. - Rising earnings estimates for Bumble suggest an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [5][10]. Recent Earnings Estimate Revisions - Bumble is projected to earn -$2.23 per share for the fiscal year ending December 2024, reflecting a year-over-year change of -7333.3% [8]. - Over the past three months, the Zacks Consensus Estimate for Bumble has increased by 150.4%, indicating a significant upward revision in earnings expectations [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - Bumble's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for its stock price in the near term [10].

Core Viewpoint - Bumble Inc. has shown improved operational efficiency leading to better-than-expected earnings, but faces challenges in user growth and revenue from its app [1][6]. Financial Performance - Bumble reported Q3 revenue of $273.6 million, slightly above analyst expectations of $271.7 million [1] - Adjusted EBITDA was $82.6 million, exceeding projections of $78.8 million, with an adjusted EBITDA margin of 30%, up 290 basis points year-over-year [1][2] - The Bumble app's revenue declined by 1% year-over-year, and Average Revenue Per Paying User (ARPPU) decreased by 10% to $25.58 [1] User Metrics - Badoo, a competitor, saw a 14% year-over-year increase in paying users, with net new users reaching 65,000, significantly above the expected 17,000 [2] - Bumble's guidance for Q4 revenue is set at $259 million, with EBITDA at $72 million, slightly below the Street's expectation of $74 million [3] Stock Buyback and Future Guidance - Bumble repurchased $90 million of its stock during the quarter and an additional $30 million in October, totaling about 140% of free cash flow [3] - The company reaffirmed its fiscal 2024 revenue outlook at $1.069 billion, indicating a 1.6% year-over-year growth [3] Management Insights - Bumble anticipates at least a 200-basis-point improvement in annual EBITDA growth, with plans for new app features and a broader product roadmap for fiscal 2025 [4] - Analyst Curtis Nagle adjusted revenue projections for Q4 to $261 million and for 2024 to $1.071 billion, reflecting a 2% year-over-year increase [5] Market Position and Valuation - Nagle raised the price target for Bumble to $5.75, applying a 4.3 times 2025 EV/EBITDA multiple, which remains at a discount compared to peers [6] - Despite higher margins, concerns about slower user growth trends and high private equity ownership justify the discount [7]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Core Viewpoint - A securities class action lawsuit has been filed against Bumble Inc. for allegedly misleading investors regarding its market information and growth prospects during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas on behalf of investors who acquired Bumble securities between November 7, 2023, and August 7, 2024 [1]. - The deadline for investors to become lead plaintiffs is November 25, 2024 [1][4]. Group 2: Allegations Against Defendants - The complaint claims that the defendants created a false impression of having reliable information about Bumble's consumer market, which led to overconfidence in the relaunch of the Bumble app and its marketing campaign [3]. - It is alleged that this false confidence was tied to expectations of increased user growth and revenue per paid user in the latter half of the year [3]. Group 3: Legal Representation and Process - Investors can seek to be appointed as lead plaintiffs through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent class members [4]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [4]. Group 4: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].

SAN DIEGO, Nov. 8, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023 and August 7, 2024, inclusive (the "Class Period"), have until Monday, November 25, 2024 to seek appointment as lead plaintiff of the Bumble class action lawsuit. Captioned Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), the Bumble class action lawsuit charges Bumble and certain of Bumble's top executives with vi ...

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Bumble Inc. (NASDAQ: BMBL).Shareholders who purchased shares of BMBL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/bumble-loss-submission-form/?id=111169&from=4CLASS PERIOD: November 7, 2023 to August 7, 2024 ...