Bumble jumps after Q1 results

Shares of Bumble BMBL.O rise 20.3% to $5.28

Dating app operator reports Q1 revenue of $247.1 mln on Wednesday, compared with analysts' avg est of $246.2 mln, according to data compiled by LSEG

UBS says BMBL is now prioritizing a smaller but higher-quality user base, pulling back on performance marketing and accelerating efforts to improve match relevancy and engagement

These efforts are expected to weigh on near-term payer growth and revenue - UBS

Average rating of 18 analysts covering the stock is "hold," their median PT is $5 - LSEG

As of last close, stock down ~46% this year