Bumble Inc. Reports Earnings Amid Leadership Changes BMBL is set to announce its fourth-quarter earnings on Tuesday, with Wall Street predicting earnings per share (EPS) of 19 cents and revenues of $260.47 million, following the market’s close.

The stock has experienced a significant decline, down 36.30% over the past year but is somewhat recovering with a 6.15% gain year-to-date (YTD).

Upcoming Leadership Transition at Bumble

As Bumble prepares to unveil its fourth-quarter results, it’s also undergoing a notable leadership shift. Founder Whitney Wolfe Herd is set to return as CEO in March 2025, following the resignation of Lidiane Jones, who will remain in her position until then.

Market watchers are particularly interested in how this transition might influence Bumble’s strategies, especially in the growing competitive landscape of dating apps.

Now, let’s examine the stock’s performance and how it compares to Wall Street expectations.

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Positive Trends for Bumble Stock Before Earnings

Currently, Bumble stock appears to be on a bullish trend. Trading at $8.46, it is positioned above its five-day, 20-day, and 50-day exponential moving averages (EMA). This trend signals some buying interest, hinting at potential further growth.

Chart created using Benzinga Pro

Moreover, the stock trades above its eight-day simple moving average (SMA) of $8.41, its 20-day SMA of $8.12, and its 50-day SMA of $8.10, suggesting ongoing bullish sentiment in the near to medium term.

In a more extended view, Bumble’s share price exceeds its 200-day SMA of $8.40, indicating a generally positive long-term trend. The Moving Average Convergence Divergence (MACD) is recorded at 0.14, which further bolsters a bullish outlook. Meanwhile, the Relative Strength Index (RSI) stands at 56.33, indicating that while the stock has potential for further increase, it is still not in overbought conditions.

Should the stock hold above these vital moving averages, it could indicate sustained strength; conversely, failure to do so could lead to a period of consolidation or decline.

Analysts Predict a 10% Decline for Bumble

Ratings & Consensus Estimates: The consensus among analysts suggests a Neutral rating for Bumble stock, with a projected price target of $16.24. Recent assessments from Morgan Stanley, Susquehanna, and Stifel indicate a potential downside of 10.23% for Bumble, with an average price target set at $7.67.

BMBL Stock Price Action: As of Tuesday’s publication, Bumble stock was experiencing a 2.6% decline, trading at $8.24.

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