Grindr (GRND)

• Market cap: $2.94B
• 1 day: 1.46%
• 5 days: -3.14%
• 1 month: -1.54%
• 3 months: 27.37%
• 6 months: 34.25%
• Year to date: -7.19%
• 1 year: 88.67%
• 5 years: -54.36%
• 10 years: -54.36%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.

Employees: 148

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

79% more call options, than puts

Call options by funds: $5.82M | Put options by funds: $3.25M

78% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 27

55% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 22

9% more funds holding

Funds holding: 115 [Q2] → 125 (+10) [Q3]

6% more capital invested

Capital invested by funds: $234M [Q2] → $247M (+$13.3M) [Q3]

0.9% more ownership

Funds ownership: 10.87% [Q2] → 11.77% (+0.9%) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $17 2% upside
• Avg. target: $19.25 16% upside
• High target: $21 26% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

JMP Securities Patrick Walravens 55% 1-year accuracy 61 / 110 met price target	26% upside $21	Market Outperform Reiterated	16 Dec 2024
Goldman Sachs Eric Sheridan 56% 1-year accuracy 35 / 62 met price target	20% upside $20	Buy Initiated	16 Dec 2024
Raymond James Andy Marok 100% 1-year accuracy 3 / 3 met price target	14% upside $19	Outperform Maintained	8 Nov 2024
TD Cowen Floris Van Dijkum 50% 1-year accuracy 10 / 20 met price target	2% upside $17	Buy Maintained	6 Nov 2024