Bumble slumps 37% after cutting annual revenue growth forecast
** Shares of online dating app Bumble BMBL.O dive 37.1% to $5.07 premarket
** Co trims annual revenue growth forecast to between 1% and 2% from its previous forecast of between 8% to 11%
** Sees Q3 revenue between $269-$275 mln vs analysts' average estimates of $296.1 mln - LSEG
** Q2 revenue also misses Street estimates
** J.P.Morgan downgrades BMBL to "neutral" from "overweight", trims PT to $7 from $17
** Says combination of a tepid relaunch, that did not have desired impact on new user trends, and push-out of monetization initiatives for H2 resulted in forecast slash
** Two other brokerages also cut PTs on stock
** Average rating on stock remains a "buy", but median PT falls to $12.50 from $14 a month ago - LSEG
** Stock down over 45% YTD, till last close
Reporting by Purvi Agarwal in Bengaluru
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