10 Best American Penny Stocks to Buy Now

8. Bumble Inc. (NASDAQ:BMBL)

Stock price as of May 6^th: $4.39

Number of Hedge Fund Holders: 33

Bumble Inc. (NASDAQ:BMBL) operates a portfolio of social networking platforms, including Bumble, Badoo, Bumble For Friends, and Geneva. The company’s flagship app, Bumble, differentiates itself from other leading platforms by empowering women to initiate conversations. BMBL generates its revenue through paid subscriptions, premium features, and in-app purchases, primarily in North America and Europe.

Bumble Inc. (NASDAQ:BMBL) is refocusing its strategy on improving the quality of matches and user experiences, rather than pursuing growth at all costs. The company plans to remove bots, scammers, and low-quality profiles while enhancing verification and safety features. BMBL is also modernizing its matching algorithm using AI and machine learning to provide more relevant matches. These efforts may result in fewer paying users in the near term, but are seen as critical for building a stronger foundation for sustainable growth.

To support this strategy shift, Bumble Inc. (NASDAQ:BMBL) is streamlining costs and reducing marketing spend, particularly on non-organic user acquisition channels. The company has identified $15 million in near-term cost savings and reduced its Q2 marketing budget by $20 million. Management is also investing in product innovations like an enhanced Discover tab, new verification tools, and AI-powered coaching features. While these changes may impact short-term growth, management believes they will lead to higher-quality user engagement and more sustainable long-term growth. With the product being insulated from tariffs and the US representing the core market, BMBL is one of the best American penny stocks to buy in 2025.