Bumble Inc. (BMBL, Financial) shares experienced a significant surge of 5.07%, reaching $6.63 per share with a trading volume of 820,439 shares and a turnover rate of 0.65%. The stock's volatility rate stood at 4.52%.
In its latest earnings report, Bumble Inc. achieved a revenue of $269 million, a net profit of $27.39 million, and an earnings per share (EPS) of $0.22. The company reported a gross profit of $172 million with a price-to-earnings (P/E) ratio of 19.49.
Among 23 institutions that rated the stock, 22% recommended buying, 74% suggested holding, and 4% advised selling. The broader software services sector, where Bumble Inc. operates, saw an overall increase of 0.15%.
Other notable stocks in the sector included Agora Inc., Hichain Securities, and Palladyne Ai Corp C/Wts 24/09/2026 (To Pur Com), which registered significant gains. Actively traded stocks were Microalgo, Inc., Treasure Global Inc., and Agora Inc., with turnover rates of 191.99%, 124.15%, and 80.78% respectively. Stocks with high volatility in the sector included Agora Inc., Banzai International Inc C/Wts 14/12/2028 (To Pur Com), and Wag Group Co C/Wts 30/07/2027 (To Pur Com), with volatility rates of 90.18%, 72.84%, and 55.42% respectively.
Bumble Inc. specializes in online dating services through its Bumble and Badoo applications, offering a platform for users to discover new friends and build connections monthly.
