Company Leadership Changes - Bumble founder Whitney Wolfe Herd will return as CEO in March, replacing Lidiane Jones, who steps down after a tenure marked by a nearly 50% decline in the company's shares [1] - The company announced the departure of CFO Anu Subramanian, who played a key role in its 2021 IPO, and marketing head Selby Drummond [3] - Lead director Ann Mather has been appointed as chair of Bumble's board [3] Financial Performance and Forecasts - Bumble expects to exceed its Q4 revenue forecast, with projected revenue between $256 million and $262 million and adjusted core profit between $70 million and $73 million [4] - The company's shares closed down 1.6% at $7.70 [3] - Bumble experienced its first decline in quarterly sales since going public in 2021, signaling slower growth [6] Industry Challenges - Sticky inflation and a lack of major new features have impacted growth across the dating app industry, including larger rival Match Group (owner of Tinder) [2][6] - The post-pandemic boom in dating apps has slowed, leading to executive shake-ups at companies in the sector [2] Product and Market Strategy - Bumble launched a refreshed app and new features last year, but these efforts have yet to gain significant traction, particularly among Gen Z, a key demographic for advertisers [6]

Group 1 - Founder Whitney Wolfe Herd is returning as CEO of Bumble, succeeding Lidiane Jones who left for personal reasons [1] - Wolfe Herd's return is notable as it aligns with a trend of founders returning to leadership roles in their companies [2] - Bumble is facing sluggish growth, with Q3 2024 revenue declining to $274 million despite an increase in paying users to 4.3 million, and a drop in average revenue per paying user (ARPPU) from $23.42 to $21.17 [3] Group 2 - Bumble anticipates reporting fourth-quarter app revenue above the midpoints of its previously provided outlook ranges, with projected revenue between $256 million and $262 million and adjusted EBITDA expected between $70 million and $73 million [4]

Bumble founder Whitney Wolfe Herd will return to the company as CEO, a little over a year after she stepped down from the role, the company announced Friday.The company's current CEO Lidiane Jones has resigned for "personal reasons," Bumble said. Jones previously served as the CEO of Salesforce's cloud-based messaging platform Slack. She will continue to helm Bumble until Wolfe Herd takes over in mid-March."I am deeply grateful for the transformative work Lidiane has led during such a pivotal time for Bumbl ...

Bumble Inc. (BMBL) closed the latest trading day at $7.56, indicating no change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.54%. Elsewhere, the Dow saw a downswing of 1.63%, while the tech-heavy Nasdaq depreciated by 1.63%.The the stock of company has fallen by 8.7% in the past month, lagging the Computer and Technology sector's gain of 0.11% and the S&P 500's loss of 2.2%.Market participants will be closely following the financial results of Bumble In ...

Technology Sector Performance - The technology sector was the backbone of the stock market's exceptional performance in 2024, with the Nasdaq Composite Index surging 31.4%, outpacing the S&P 500's 25.2% rise and the Dow Jones Industrial Average's 14.1% climb [1] - The sector's growth trajectory shows no signs of slowing, driven by AI, cybersecurity, 5G, blockchain, and autonomous vehicles, with worldwide IT spending forecasted to rise 9.3% to $5.74 trillion in 2025 [2] Key Growth Drivers - Rapid adoption of AI and high-performance computing solutions fueled growth, with semiconductor companies thriving due to enterprise integration of generative AI and advanced analytics [16] - The cloud computing boom remained strong, with businesses adopting hybrid and multi-cloud solutions to streamline operations and cut costs [16] Affordable Tech Stocks Under $10 - Four tech companies trading under $10 were identified as potential investment opportunities: Stratasys (SSYS), Phunware (PHUN), Bumble (BMBL), and VTEX (VTEX) [3] - These stocks offer exposure to the sector's growth potential while keeping investments accessible, with favorable Growth Scores and Zacks Ranks [10][18] Company Highlights - **Stratasys (SSYS)**: Priced at $9.15, the company benefits from increased demand for 3D-printed equipment across industries, with a Zacks Consensus Estimate for 2025 earnings moving up to 33 cents per share [5][12][19] - **Phunware (PHUN)**: Priced at $5.73, the company's growth is driven by its mobile engagement platform, with a narrowed Zacks Consensus Estimate for 2025 loss to 84 cents per share [6][13][20] - **Bumble (BMBL)**: Priced at $8.02, the company's unique women-first approach to online dating drives growth, with a Zacks Consensus Estimate for 2025 earnings moving up to 86 cents per share [7][14][21] - **VTEX (VTEX)**: Priced at $5.75, the company's robust digital commerce platform drives growth, with a Zacks Consensus Estimate for 2025 earnings moving up to 16 cents per share [8][15][22] Macroeconomic Factors - Improving macroeconomic conditions, including Federal Reserve interest rate cuts and stabilizing inflation, boosted investor confidence in growth-oriented tech stocks [9] - Supply-chain recoveries revitalized the hardware segment, contributing to the sector's robust performance [9]

Core Viewpoint - Bumble (NASDAQ: BMBL) stock has shown strong performance, increasing approximately 25% since a previous recommendation of "Strong Buy" following a 40% day-over-day increase in August [2]. Group 1 - The stock has outperformed the S&P 500 index during the same period [2]. - The recommendation for Bumble shares was based on positive market trends and investor sentiment [2]. Group 2 - The analyst has a beneficial long position in Bumble shares, indicating confidence in the company's future performance [2]. - The article reflects the analyst's personal opinions and insights, emphasizing a strong belief in the stock's potential [2].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks and Screening - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Bumble Inc. (BMBL) Analysis - Bumble Inc. (BMBL) has shown a price increase of 16% over the past four weeks, indicating growing investor interest [3] - BMBL gained 35.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.71, suggesting it moves 71% more than the market in either direction [4] Group 4: Valuation and Earnings Estimates - BMBL has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - BMBL is trading at a Price-to-Sales ratio of 0.87, suggesting it is undervalued as investors pay only 87 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - Besides BMBL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to find potential winning stocks [8]

Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market position and growth prospects, leading to significant stock price declines following disappointing financial results [4][5][6]. 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]. - The lawsuit claims violations of the Securities Exchange Act of 1934 by Bumble and its top executives [1]. Group 2: Allegations and Financial Impact - The lawsuit alleges that Bumble's management created a false impression of having reliable market information, which led to overconfidence in the relaunch of the Bumble app and the Premium Plus subscription tier [4]. - On February 27, 2024, Bumble reported disappointing fourth quarter fiscal 2023 results, leading to a nearly 15% decline in stock price after lowering its guidance for full year 2024 [5]. - On August 7, 2024, Bumble announced 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 [6].

Core Viewpoint - Bumble Inc. is facing a class action lawsuit due to allegations of providing misleading statements regarding its relaunch strategy and subscription offerings, which led to artificially inflated stock prices [2][4]. Group 1: Allegations and Impact - The class period for the lawsuit is from November 7, 2023, to August 7, 2024, during which Bumble allegedly made positive statements while concealing material adverse facts about its Premium Plus subscription tier and overall relaunch strategy [2]. - Following the release of disappointing fourth quarter fiscal 2023 results on February 27, 2024, Bumble's stock price fell from $13.18 to $11.23 per share the next day, indicating a significant market reaction to the news [2]. - On August 7, 2024, Bumble announced mixed second quarter results and revealed that the app relaunch was not proceeding as planned, leading to a further stock price decline from $8.06 to $5.71 per share on August 8, 2024 [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased Bumble shares during the specified class period are encouraged to register for the class action, with a deadline of November 25, 2024, to seek lead plaintiff status [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, ensuring they are informed of any developments [3]. Group 3: Legal Representation - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders, emphasizing its commitment to protecting investors' rights against deceit and fraud [4]. - The firm aims to recover losses incurred by investors due to misleading statements that led to inflated stock prices, reinforcing its role in ensuring responsible business practices [4].

Core Viewpoint - A securities class action lawsuit has been filed against Bumble Inc. on behalf of investors who acquired Bumble securities between November 7, 2023, and August 7, 2024, with a lead plaintiff deadline set for November 25, 2024 [1]. Group 1: Allegations and Misconduct - The complaint alleges that during the Class Period, Bumble's defendants misled investors by creating a false impression of having reliable information about the consumer market, which led to overconfidence in the relaunch of the Bumble app and its marketing campaign [3]. Group 2: Legal Process and Participation - Investors in Bumble can seek to be appointed as lead plaintiffs by November 25, 2024, through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent class members [4]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a global reputation for recovering billions of dollars for victims of corporate misconduct [5].