Grindr (GRND)

• Market cap: $3.06B
• 1 day: 2.73%
• 5 days: 8.19%
• 1 month: 17.92%
• 3 months: 44.73%
• 6 months: 78.45%
• Year to date: 102.22%
• 1 year: 109.56%
• 5 years: -52.58%
• 10 years: -52.58%
• 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)

84% more call options, than puts

Call options by funds: $4.98M | Put options by funds: $2.71M

78% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 27

42% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 24

9% more funds holding

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

5% more capital invested

Capital invested by funds: $232M [Q2] → $244M (+$12.2M) [Q3]

0.85% more ownership

Funds ownership: 10.79% [Q2] → 11.64% (+0.85%) [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% downside
• Avg. target: $19.25 11% upside
• High target: $21 21% upside

4 analyst ratings

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

JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target	21% upside $21	Market Outperform Reiterated	16 Dec 2024
Goldman Sachs Eric Sheridan 60% 1-year accuracy 37 / 62 met price target	16% upside $20	Buy Initiated	16 Dec 2024
Raymond James Andy Marok 100% 1-year accuracy 3 / 3 met price target	10% upside $19	Outperform Maintained	8 Nov 2024
TD Cowen Floris Van Dijkum 80% 1-year accuracy 16 / 20 met price target	2% downside $17	Buy Maintained	6 Nov 2024