How to Buy Bumble Stock
Bumble Inc
Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products.
Bumble stock last closed at $12.30, up 1.4% from the previous day, and has decreased 27% in one year. It has underperformed other stocks in the Software - Application industry by 0.61 percentage points. Bumble stock is currently +25.13% from its 52-week low of $9.83, and -41.58% from its 52-week high of $21.06.
There are currently 177.54M BMBL shares outstanding. The market cap of BMBL is $2.18B. In the last 24 hours, 3.21M BMBL shares were traded.
How to Buy Bumble Stock
Wondering how to invest in Bumble stock? Here's how.
- Decide where to buy Bumble stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Bumble stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Analyze Bumble stock: The Bumble ticker symbol is BMBL. Is Bumble stock a good investment? Should you buy shares of BMBL? How do BMBL's underlying business fundamentals look? Do top analysts think Bumble is a good buy? Why has BMBL's stock price moved recently? (Hint: Our stock research website can help you decide if BMBL is a good stock to buy).
- Execute your BMBL purchase: Decide if you will purchase BMBL shares at the current market price or use a limit order to buy BMBL shares at a specific price.
- Get key alerts regarding your BMBL position: Create a watchlist to track your position in Bumble stock.
Step 1: Decide where to buy Bumble stock
You need a brokerage account in order to access the NASDAQ market and buy BMBL stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to buy BMBL today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on apps for stock market, you need to deposit funds:
Watch the tutorial below for more details depositing money into your brokerage account.
Step 4: Analyze Bumble stock
Once you have figured out the best place to buy Bumble stock, it's critical to research their stock prior to investing, so you truly understand the risk and upside.
Bumble shares quick numbers
BMBL Fundamentals
WallStreetZen was created to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on BMBL's stock page.
Is BMBL stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge BMBL's true value.
Using relative valuations measures:
- BMBL could be overvalued based on its P/E ratio of 72.35x, relative to Software - Application industry P/E ratio of 32.16x
- BMBL may be undervalued based on its P/B ratio of 1.36x, relative to Software - Application industry P/B ratio of 6.56x
- BMBL may be undervalued based on its PEG ratio of 0.72x
You can access more valuation analysis on BMBL's stock here.
BMBL Financial Health Overview
Pros:
- BMBL's operating cash flow of $171.12M allows it to safely service it's debt of $619.93M.
- BMBL profit margin has gone up from -10.4% to 2% in the past year.
- There are more short-term assets than short-term liabilities on the BMBL balance sheet.
Cons:
- There are more long-term liabilities than short-term assets on the BMBL balance sheet.
- BMBL earnings of $59.28M is not sufficient to cover its interest payments.
- BMBL has a relatively high debt to equity ratio of 0.78.
Is it a good time to buy BMBL stock, according to analysts?
Out of 11 Wall Street analysts who research BMBL, the consensus analyst rating on BMBL is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent BMBL Analyst Upgrades/Downgrades
Brian Nowak, a top 5% analyst from Morgan Stanley assumes BMBL with a hold rating and lowers their BMBL price target from $16.00 to $13.00, on Apr 18, 2024.
Shyam Patil, a top 13% analyst from Susquehanna maintains BMBL with a strong buy rating and lowers their BMBL price target from $17.00 to $14.00, on Feb 29, 2024.
Matt Farrell, a top 24% analyst from Piper Sandler reiterates BMBL with a hold rating and lowers their BMBL price target from $14.00 to $13.00, on Feb 28, 2024.
Brad Erickson, a top 5% analyst from RBC Capital reiterates BMBL with a buy rating and maintains their BMBL price target from $16.00 to $16.00, on Feb 28, 2024.
Cory Carpenter, a bottom 7% analyst from JP Morgan maintains BMBL with a strong buy rating and lowers their BMBL price target from $20.00 to $17.00, on Feb 28, 2024.
You can dig deeper into what analysts are projecting on the Bumble stock forecast page.
BMBL Momentum
BMBL Earnings
Last year, BMBL earnings were $22.02M. Over the past three year, BMBL's earnings have gone up by -96.59% per year. This was slower than the Software - Application industry average of 37.91%.
Last year, BMBL revenue was $1.08B. In the past three year, BMBL's revenue has grown by 89.04% per year. This was faster than the Software - Application industry average of 29.59%.
Find out more about BMBL's earnings and revenue performance here.
What are BMBL executives and large shareholders up to?
In the last year, insiders at BMBL have sold more shares than they have bought.
Whitney Wolfe Herd, Executive Chair of the Board of BMBL, was the latest BMBL insider to sell. They sold $46,738.90 worth of BMBL shares on May 10, 2024.
Dig into more about who owns BMBL stock here.
Does BMBL provide a stable income stream?
No, Bumble doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your BMBL purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and your broker will execute your order.
If you want more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your BMBL position
Now that you own some shares in BMBL, you'll want to stay up-to-date on your new company.
Make a watchlist to track the most important metrics related to your BMBL stock.
BMBL Feed
How to Buy Stock in Bumble
To summarize, here are the 6 steps to buy Bumble stock:
- Decide where to buy Bumble stock
- Create your brokerage account
- Deposit money your brokerage account
- Analyze Bumble stock
- Execute your BMBL purchase
- Get key alerts regarding your BMBL position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Bumble, add BMBL to your watchlist below.
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