AAL

Analyst: Bumble Stock Is 'De-Risked'

The majority of firms in coverage are already bullish

Deputy Editor
Sep 29, 2023 at 9:27 AM
facebook X logo linkedin


Shares of online dating firm Bumble Inc (NASDAQ:BMBL) are 5.7% higher before the bell, following a bull note from Loop Capital Markets. The analyst upgraded BMBL to "buy," calling it "de-risked," praising the company's cash balance and free cash flow generation, both of which will help shield its balance sheet.
 

Coming into today, analysts were mostly bullish on Bumble stock, but there's room for an unwinding of pessimism. Coming into today, 10 of 16 covering brokerages rated the equity a "buy" or better, but six recommended a "hold." 

Short interest added 29.1% in the last two reporting periods, yet the 7.27 million shares sold short account for 5.4% of the stock's available float. At the security's average pace of trading, it would take shorts nearly four days to buy back their bearish bets.

Short-term options traders, meanwhile, have been much more pessimistic than usual. This is per Bumble stock's Schaeffer's put/call open interest ratio (SOIR) of 12.84 that ranks higher than 97% of reading from the past 12 months.

On the charts, BMBL yesterday touched a new record low of $14.14, lending credence to the thought that now is an intriguing time to buy. Set to end September with a 13.7% loss, the stock is down more than 31% in 2023.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.