JMP Securities reaffirmed their market outperform rating on shares of Grindr (NYSE:GRND – Free Report) in a research note released on Monday, Benzinga reports. The brokerage currently has a $14.00 price objective on the stock.
A number of other equities research analysts have also recently issued reports on GRND. TD Cowen started coverage on shares of Grindr in a report on Thursday, March 28th. They set a buy rating and a $12.00 price target for the company. Raymond James began coverage on shares of Grindr in a research note on Thursday, April 4th. They issued an outperform rating and a $14.00 target price for the company.
View Our Latest Stock Analysis on GRND
Grindr Trading Down 1.6 %
Grindr (NYSE:GRND – Get Free Report) last released its quarterly earnings results on Monday, March 11th. The company reported $0.04 earnings per share (EPS) for the quarter. Grindr had a negative net margin of 21.48% and a positive return on equity of 101.02%. The company had revenue of $72.09 million during the quarter. As a group, sell-side analysts anticipate that Grindr will post 0.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grindr
Several hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its position in Grindr by 11.7% in the fourth quarter. New York State Common Retirement Fund now owns 19,365 shares of the company’s stock worth $170,000 after purchasing an additional 2,030 shares in the last quarter. Jump Financial LLC acquired a new position in Grindr in the fourth quarter worth about $617,000. Park West Asset Management LLC acquired a new position in Grindr in the fourth quarter worth about $1,652,000. Finally, Alta Fox Capital Management LLC acquired a new position in Grindr in the third quarter worth about $1,162,000. Institutional investors own 7.22% of the company’s stock.
About Grindr
Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.
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