GrindrGRND
GRND
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts
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
0%
upside
Avg. target
$19.25
13%
upside
High target
$21
23%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
JMP Securities Patrick Walravens 57% 1-year accuracy 63 / 111 met price target | 23%upside $21 | Market Outperform Reiterated | 16 Dec 2024 |
Goldman Sachs Eric Sheridan 66% 1-year accuracy 35 / 53 met price target | 17%upside $20 | Buy Initiated | 16 Dec 2024 |
Raymond James Andy Marok 100% 1-year accuracy 3 / 3 met price target | 11%upside $19 | Outperform Maintained | 8 Nov 2024 |
TD Cowen Floris Van Dijkum 55% 1-year accuracy 11 / 20 met price target | 0%downside $17 | Buy Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 3 articles about GRND published over the past 30 days
Positive
Seeking Alpha
4 days ago
Grindr: Why $17 Per Share Is A Bargain
I see Grindr Inc. valuation at 23x forward free cash flow as an attractive entry point, given its revenue growth and profitability. The company's focus on monetization and improving user engagement sets it apart in a crowded market. Despite its debt, Grindr's financial position and consistent EBITDA margins give it room to deliver strong returns.
Positive
Seeking Alpha
5 days ago
Grindr: How AI Is Poised To Become The Dating World's Ultimate Wingman
Grindr's investment in AI aims to enhance user experience, increase pricing power, and drive revenue growth, positioning it as a leader in the LGBTQ dating app market. The AI agent feature could significantly boost GRND's revenue, with an estimated 3% and 5% upside for 2025 and 2026, respectively. GRND's employee-centric model and innovative approach attract top talent, further solidifying its competitive edge in the global internet sector.
Positive
FXEmpire
1 week ago
Features and Fees Driving Grindr Growth
Social network app Grindr, Inc. (GRND) sees shares rise with more paying customers, added features.
Neutral
Business Wire
1 month ago
Roam For the Holidays: Grindr Offers Free Access to Their Popular Travel Feature
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--From December 22 to January 2, people on Grindr across the globe can experience Roam, a popular new feature, free of charge.
Positive
Forbes
1 month ago
Stocks This Week Follow Up: Grindr And Tesla Are Moving Higher
The stock market is likely to extend this December rally into January. The next correction is due in February and March.
Neutral
Business Wire
1 month ago
Not Your Average Year-End Report: Grindr Unveils UNWRAPPED 2024
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Grindr Unwrapped 2024 is an annual release of insights that reveals the sex, dating, travel, and pop culture trends that defined queer life this year.
Neutral
Business Wire
1 month ago
Grindr to Participate in the Raymond James 2024 TMT & Consumer Conference
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced that Vanna Krantz, Grindr's chief financial officer, will participate in a fireside chat at the upcoming Raymond James 2024 TMT & Consumer Conference in New York, NY on Monday, December 9, 2024, at 11:20 AM ET. A live webcast of the fireside chat will be made available on Grindr's investor relations website at https://investors.grindr.com/. An archived replay of the webcast will be.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Think GRINDR INC (GRND) Could Surge 28.87%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 28.9% in GRINDR INC (GRND). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Negative
Zacks Investment Research
1 month ago
Are Computer and Technology Stocks Lagging GRINDR INC (GRND) This Year?
Here is how Grindr Inc. (GRND) and Meta Platforms (META) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
1 month ago
Are You Looking for a Top Momentum Pick? Why Grindr Inc. (GRND) is a Great Choice
Does Grindr Inc. (GRND) have what it takes to be a top stock pick for momentum investors? Let's find out.
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