18.13 USD
+0.04
0.22%
At close Feb 7, 4:00 PM EST
After hours
18.15
+0.02
0.11%
1 day
0.22%
5 days
2.78%
1 month
4.56%
3 months
22.75%
6 months
67.41%
Year to date
1.00%
1 year
119.76%
5 years
-50.33%
10 years
-50.33%
 

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 6,831 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
$20
10%
upside
Avg. target
$21
14%
upside
High target
$21
16%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
JMP Securities
Nicholas Jones
75% 1-year accuracy
59 / 79 met price target
16%upside
$21
Market Outperform
Reiterated
6 Feb 2025
Raymond James
Andy Marok
100% 1-year accuracy
4 / 4 met price target
16%upside
$21
Outperform
Reiterated
24 Jan 2025
JMP Securities
Patrick Walravens
73% 1-year accuracy
80 / 109 met price target
16%upside
$21
Market Outperform
Reiterated
16 Dec 2024
Goldman Sachs
Eric Sheridan
61% 1-year accuracy
33 / 54 met price target
10%upside
$20
Buy
Initiated
16 Dec 2024

Financial journalist opinion

Based on 5 articles about GRND published over the past 30 days

Neutral
Business Wire
12 hours ago
Grindr Inc. Announces Redemption Fair Market Value in Connection with Redemption of its Outstanding Warrants
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your PocketTM, today announced the “Redemption Fair Market Value” to be used in connection with the previously announced redemption of all of its outstanding public warrants and private placement warrants (collectively, the “warrants”). Grindr previously announced that it will redeem all of its warrants that remain unexercised as of 5:00 p.m., New York City time, on February 24, 2025 (th.
Grindr Inc. Announces Redemption Fair Market Value in Connection with Redemption of its Outstanding Warrants
Neutral
Business Wire
2 weeks ago
Grindr Inc. Expects to Beat 2024 Revenue Outlook and Announces Redemption of Warrants
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your Pocket™, today announced that it is providing notice to holders of its outstanding public warrants and private placement warrants (collectively, the “warrants”) that it will redeem the warrants at a redemption price of $0.10 per warrant at 5:00 p.m. New York City time on February 24, 2025 (the “Redemption Date”). Holders of the warrants may instead elect to exercise their warrants u.
Grindr Inc. Expects to Beat 2024 Revenue Outlook and Announces Redemption of Warrants
Neutral
Business Wire
2 weeks ago
Grindr Unveils 2025 Product Roadmap, Including Six New Intent-Based Travel and AI Personalization Products
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today unveiled an ambitious product roadmap for 2025, consisting of the most robust set of launches in its history. New products and features coming to Grindr in 2025 will continue to expand user intents and use cases across the app, including enhanced personalization and travel features. “Our goal is to build out a world-class app that serves as the Global Gayborhood in Your Pocket,” said.
Grindr Unveils 2025 Product Roadmap, Including Six New Intent-Based Travel and AI Personalization Products
Positive
Seeking Alpha
3 weeks 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.
Grindr: Why $17 Per Share Is A Bargain
Positive
Seeking Alpha
3 weeks 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.
Grindr: How AI Is Poised To Become The Dating World's Ultimate Wingman
Positive
FXEmpire
1 month ago
Features and Fees Driving Grindr Growth
Social network app Grindr, Inc. (GRND) sees shares rise with more paying customers, added features.
Features and Fees Driving Grindr Growth
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.
Roam For the Holidays: Grindr Offers Free Access to Their Popular Travel Feature
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.
Stocks This Week Follow Up: Grindr And Tesla Are Moving Higher
Neutral
Business Wire
2 months 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.
Not Your Average Year-End Report: Grindr Unveils UNWRAPPED 2024
Neutral
Business Wire
2 months 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.
Grindr to Participate in the Raymond James 2024 TMT & Consumer Conference
Charts implemented using Lightweight Charts™