GrindrGRND
Market Cap: $2.04B
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: 146
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
310% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 10
163% more call options, than puts
Call options by funds: $9.11M | Put options by funds: $3.47M
54% more capital invested
Capital invested by funds: $148M [Q1] → $228M (+$79.5M) [Q2]
50% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 28
37% more funds holding
Funds holding: 84 [Q1] → 115 (+31) [Q2]
2.23% more ownership
Funds ownership: 8.36% [Q1] → 10.58% (+2.23%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
JMP Securities Nicholas Jones 63% 1-year accuracy 41 / 65 met price target | 46%upside $17 | Market Outperform Reiterated | 15 Jul 2024 |
TD Cowen Floris Van Dijkum 78% 1-year accuracy 7 / 9 met price target | 21%upside $14 | Buy Maintained | 27 Jun 2024 |
Raymond James Andy Marok 50% 1-year accuracy 1 / 2 met price target | 29%upside $15 | Outperform Maintained | 27 Jun 2024 |
JMP Securities Nicholas Jones 63% 1-year accuracy 41 / 65 met price target | 46%upside $17 | Market Outperform Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 4 articles about GRND published over the past 30 days