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.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI