Shares of Texas Stein, Texas -based company have dropped by about 40% in the last 12 months. Bumple recently announced executive changes, including its founder Whitney Wolfe Hurd’s return as its chief executive in March.
Over the past year, the company has cut off jobs, refreshed its bumble application and includes its signature “first move” feature “Opening Moves” which allows women to set up a question that their potential match for better communication. Can answer.
City analyst Yagal Aeronian said, “We have to clearly work on turnarounds and we look limited to visibility because the management has not provided full year guidance for the first time.”
The company is about to lose about 0 240 million in market value if the loss is caught. The Bumble evaluated was $ 876.3 million, compared to $ 85.85 billion in the Tinder-Parent match group.
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M. Small users have been somewhat upright on dating applications in many cases.
Bumple said it would close its fruitz and official dating applications in the first half of this year. Departing CEO Lidian Jones, we have taken a strong look at how we are allocating our resources in our portfolio that we prefer the execution of the important task we are carrying out to transfer the bumble app. “
At least nine brokers cut off their price targets on Bumble after reports of their latest earnings.
Compared to 16.51 times for a large rival match group, Bumple currently trades 9.98 times its earnings for the next 12 months.
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