2 Best Dating Stocks to Buy

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In this article, we will be taking a look at some of the best dating stocks to buy. To read our detailed analysis of dating stocks and this sector, you can go directly to see the first part of our article Are Dating Apps a Good Investment?

2. Bumble Inc. (NASDAQ:BMBL)

Number of Hedge Fund Holders: 22

Bumble Inc. (NASDAQ:BMBL) is a provider of an online dating and social networking platform in North America, Europe, and internationally. The company is based in Austin, Texas.

An Outperform rating was reiterated on Bumble Inc. (NASDAQ:BMBL) shares on November 10, by analyst Shweta Khajuria at Evercore ISI. The analyst also placed a $25 price target on the stock.

Bumble Inc.’s (NASDAQ:BMBL) revenue for the third quarter came in at $232.64 million, representing a growth of 17% year-over-year. The company also generated $34 million in free cash flow, while maintaining cash and cash equivalents of $365 million. Its latest quarter demonstrated healthy financial performance and long-term growth prospects.

Our hedge fund data shows 22 funds long in the third quarter, with a total stake value of $132 million.

Polen Capital, an investment management company, mentioned Bumble Inc. (NASDAQ:BMBL) in its third-quarter 2022 investor letter. Here’s what the firm said:

“The activity this quarter included two new initiations along with modest adds and trims to existing positions. During this period, we initiated new positions in Euronet Worldwide and Bumble Inc. (NASDAQ:BMBL).

Bumble is an online dating platform with top-ranking apps including Bumble, Badoo, and Fruitz. We are excited about the market potential for online dating, which has been growing in popularity but is still underpenetrated in many markets. It’s still early days for Bumble to benefit from the category growth and expand internationally. Bumble is competitively advantaged because the company empowers women to make the first move, driving a strong brand and compelling customer unit economics. Longer term, we are excited about the opportunity for Bumble to take a share in dating and leverage its brand in other categories.”

Follow Bumble Inc. (NASDAQ:BMBL)

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