Ok friends, i'm back at it to tell you again that BMBL is oversold. So right now, Bumble ($15.78/share) makes about 1/3 the quarterly revenue Match Group Inc does. Is it safe to project then that it should be around a third the market cap of Match? Ok, so market cap for Match Group inc is $12.25B, so bumble should be maybe around $4B? Instead the market cap is at $2.15B, so about 1/2 where it should be theoretically, so realistically if we were to consider bumble on par with Match Group Inc, then the price should be around $29 per share?
And yes i get it, Bumble isn't profitable yet, but neither is a company like SNAP yet their P/S is 3.25 whereas Bumbles P/S is 2.6. So if we were to say Bumble P/S should be closer to 3.25 where an unprofitable company like snap is, then the price of Bumble should be around $23. Ok so Bumble IMO should be anywhere from $23 to $29, either way it's a lot higher than where it is at right now.
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