Buy Bumble Stock. The Dating App’s Shares Haven’t Met Their Match.

Bumble has been getting the cold shoulder from investors, who are worried that singles have cooled on its dating apps. The company, though scruffy, remains attractive—and its stock could be just the ticket for investors looking for more than a quick hookup. 

It’s been a tough year for Bumble (ticker: BMBL). Its shares have dropped 34% over the past 12 months, more than two times the S&P 500’s 14% decline. The problems continued this past week when Bumble missed sales expectations for its fiscal third quarter. Bumble reported sales of $232.6 million, below analyst expectations of $237.4 million, though it made a larger-than-expected profit. Management issued fourth-quarter guidance of $234.5 million, at the midpoint of the range, partially because of new-product delays. Bumble’s stock initially fell 17% in after-hours trading after the release, before rebounding.