|Over a week ago|
Bumble call volume above normal and directionally bullish » 12:4506/1406/14/21
Bullish option flow…
Bullish option flow detected in Bumble with 12,764 calls trading, 3x expected, and implied vol increasing over 4 points to 60.27%. Jun-21 60 calls and Jun-21 50 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.12. Earnings are expected on August 11th.
Unusually active option classes on open June 14th » 09:4006/1406/14/21
CRSR, STAY, RAPT, BIGC, SRNE, NVAX, BMBL, CRON, SOS, VXRT
Unusual total active…
Unusual total active option classes on open include: Corsair Gaming (CRSR), Extended Stay America (STAY), RAPT Therapeutics (RAPT), BigCommerce Holdings (BIGC), Sorrento Therapeutics (SRNE), Novavax (NVAX), Bumble (BMBL), Cronos Group (CRON), SOS Limited (SOS), and Vaxart (VXRT).
Bumble call volume above normal and directionally bullish » 13:4505/2505/25/21
Bullish option flow…
Bullish option flow detected in Bumble with 7,564 calls trading, 3x expected, and implied vol increasing over 3 points to 61.51%. Jun-21 50 calls and Jul-21 50 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.24. Earnings are expected on August 11th.
|Over a month ago|
Snap announces partnerships with Disney, Bumble » 13:4205/2005/20/21
SNAP, DIS, BMBL
Snap (SNAP) announced new…
Snap (SNAP) announced new partnerships and developer products across its Snap Kit, Games, Minis and Bitmoji platforms. Snap also introduced Map Layers, which it calls "a new way for partners to bring their services to the Snap Map." As part of these announcements, Snap reported that it is collaborating with Disney's (DIS) PhotoPass Service to bring Snap's Camera technology to Walt Disney World Resort through Camera Kit. "Using the My Disney Experience app, guests will be able to transform Cinderella Castle with augmented reality, or add AR to the photos and videos they capture in the app. Starting today, fans can get an early preview on Snapchat, with new Mickey Mouse and Minnie Mouse Lenses, available in the U.S. for a limited time, and exclusive to Walt Disney World Resort guests beginning next month," Snap stated. In addition, Snap announced that as of today, Bumble (BMBL) users can send video notes and use Snapchat Lenses to personalize the virtual dating experience. "Later this year, Bumble is also integrating a new Snap Kit product, Sticker Kit, to bring Bitmoji, Stickers and Gifs to their platform. Sticker Kit offers developers one convenient interface to integrate Snap's creative tools into their app experiences," Snap stated.
Jefferies software/Internet, tech analysts hold analyst/industry conference call » 09:2305/1805/18/21
ABNB, BMBL, PUBM, WIX
Software & Internet…
Software & Internet Analyst Thill and Technology Specialist Weisfeld review Internet earnings including Airbnb, Bumble, PubMatic and Wix.com on an Analyst/Industry conference call to be held on May 18 at 10 am.
Bumble price target lowered to $70 from $75 at Citi » 06:4805/1705/17/21
Citi analyst Nicholas…
Citi analyst Nicholas Jones lowered the firm's price target on Bumble to $70 from $75 and keeps a Buy rating on the shares post the Q1 results due to comp multiple contraction.
Bumble CEO says 'video-first' dating trend will last after pandemic » 11:3905/1305/13/21
Bumble CEO Whitney Wolfe…
Bumble CEO Whitney Wolfe Herd is being interviewed on CNBC after the company's earnings report last night.
Bumble CEO says being 'cautiously conservative' with outlook due to pandemic » 11:3205/1305/13/21
Bumble CEO Whitney Wolfe…
Bumble CEO Whitney Wolfe Herd said while being interviewed on CNBC that the company is being "cautiously conservative" with its outlook due to uncertainty related to the pandemic and the pace of reopening, but she added that the business' fundamental outlook remains "strong."
Bumble price target lowered to $65 from $82 at Jefferies » 09:3005/1305/13/21
Jefferies analyst Brent…
Jefferies analyst Brent Thill lowered the firm's price target on Bumble to $65 from $82 and keeps a Buy rating on the shares. While he sees "substantial upside" to the company's FY21 revenue growth guidance of 24%-26% following what Thill identifies as fourth straight quarter of accelerating growth, he cut his price target to reflect a lower multiple despite having raised his FY21 revenue and EBITDA estimates following the company's quarterly report.
Bumble price target lowered to $55 from $65 at BMO Capital » 09:2805/1305/13/21
BMO Capital analyst…
BMO Capital analyst Daniel Salmon lowered the firm's price target on Bumble to $55 from $65 and keeps a Market Perform rating on the shares. The company's execution and key metrics in Q1 were "solid" as it sees an "improved" engagement in the re-opened regions, the analyst tells investors in a research note. Salmon adds that he remains positive on Bumble's double-digit revenue growth, rising margins and robust free cash flows, but keeps a Market Perform rating while looking for international expansion plans and new products to accelerate new catalysts.