Bumble falls as J.P.Morgan downgrades to 'underweight'
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Bumble BMBL.O shares fall 5.4% to $5.43 in premarket trading
JPM downgrades online dating app to 'underweight' from 'neutral,' maintains PT of $5
The brokerage anticipates payer decline in the current quarter
According to JPM, intra-quarter U.S. download trends have declined further, indicating potential downside risks to revenue and net additions estimates for the second half
"Online dating category remains challenged, with Gen Z product/market fit issues" - JPM
Up to last close, stock had fallen 29.5% YTD
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