the display outside the nasdaq marketsite is pictured as the dating app operator bumble inc bmbl made its debut on the nasdaq stock exchange during the companys ipo in new york city new york us february 11 2021 shares of bumble fell sharply thursday dipping below its initial public offering price of 43 the company reported firstquarter results on wednesday and issued what some analysts considered cautious guidance the dating companys stock closed down 143 on thursday earlier in the day shares dipped as much as 17 to hit an alltime low of 3891 apiece bumble said it anticipates total revenue in the range of 175 million to 178 million for the second quarter up 31 year over year at the midpoint of the range thats also slightly better than analysts surveyed by refinitiv expected it raised guidance and now anticipates fullyear revenue in the range of 724 million to 734 million we are being cautiously conservative due to the nature of the pandemic  none of us can predict what happens later this year around the globe ceo whitney wolfe herd told cnbcs techcheck the company isnt signaling we dont believe in the strength of our business she added bumble reported revenue of 1707 million for the quarter up from 791 million for the first quarter of 2020 analysts were expecting 1646 million total paying users also increased 30 to 28 million loop capital markets analysts said in a note wednesday they viewed the results as a mixed bag the firm lowered its price target to 45 from 65 but maintained its hold rating the issue was an implied stepdown in the 2h outlook btig analysts said thursday the guide runs contrary to call commentary rising engagement geographic expansion of premium and new a la carte features and our sense is that it was more about building cushion few companies raise by more than a beat off of a 1q in a still uncertain environment jefferies also lowered its price target to 65 from 82 though the firm said it remains a top midcap recovery play stifel dropped its price target to 66 from 78 pointing to the cautious forecast around the pace of reopening and global economic recovery with significant evidence of pentup demand for online dating services revealed in 1q we view bumble as a strong recovery trade and would be buyers of the stocks recent pullback stifel analysts wrote thursday