- KeyBanc analyst Justin Patterson initiated coverage of Bumble Inc (NASDAQ:BMBL) with a Sector Weight rating and no price target.
- He believed BMBL could sustain high-teens annual revenue growth over the medium term.
- Near-term, Patterson was cautious that inflation and competition pressure growth and margins, making positive revisions and multiple expansions unlikely.
- Key catalysts included Bumble product and monetization initiatives, Bumble BFF monetization, optionality on iOS store changes, and international growth.
- CEO and Founder Whitney Wolfe founded Bumble on the premise that women were treated unequally in romantic connections.
- Wolfe created Bumble to address these issues where women always make the first move.
- Price Action: BMBL shares traded lower by 0.27% at $25.43 on the last check Monday.
SOL Global Reduces Principal Amount Of Credit Facility From $50M To $4.52M, Announces Management Changes
SOL Global Investments Corp. (OTC: SOLCF) announced that it is up to date on all interest payments and has repaid an additional $1.0 million towards its $50 million credit facility with an arm's length lender, reducing the principal amount of the credit facility to $4.52 million.
