5 Red Flags for Bumble's Future

Bumble (NASDAQ: BMBL) went public last February at an IPO offering of $43 per share. The online dating company's stock opened at $76 on the first day, hit $84.80 the following day, but subsequently tumbled back to the low $30s.

The market's enthusiasm for Bumble fizzled out as its growth decelerated. Intense competition from its larger rival Match Group (NASDAQ: MTCH), which owns Tinder, and the inflation-driven retreat from higher-growth tech stocks exacerbated that pain.

Bumble's stock might seem reasonably valued now at six times next year's sales, but investors should be mindful of five red flags for its future.

Source Fool.com