Streetbeat News

GRND

Grindr Inc.

https://www.grindr.com

Industry

Software - Application

Grindr Inc. operates social network platform for the LGBTQ community. Its platform enables gay, bi, trans, and queer people to engage with each other, share content and experiences, and express themselves. It offers a free, ad-supported service and a premium subscription version. The company was founded in 2009 and is based in West Hollywood, California.

Open

14.34

Mkt cap

2.5B

Volume

468K

High

14.50

P/E Ratio

-47.17

52-wk high

15.21

Low

14.01

Div yield

N/A

52-wk low

6.12

Wall Street analysts have set a mean price target for GRINDR INC (GRND) that suggests a potential 32.1% upside. Despite the historical ineffectiveness of price targets, the consensus among analysts in raising earnings estimates indicates a positive outlook for the stock.

Portfolio Pulse from

November 13, 2024 | 4:15 pm

Grindr Inc. (NYSE:GRND) held its Q3 2024 earnings conference call on November 7, 2024. Key participants included Tolu Adeofe, George Arison, and Vanna Krantz. Analysts from Citizens JMP, Raymond James, and TD Cowen participated in the call.

Portfolio Pulse from

November 09, 2024 | 7:00 pm

Grindr's Q3 2024 results reveal strong revenue and EBITDA performance, with notable user growth and ARPU increases. The company is enhancing user engagement through new features, leading to a raised target price of $19/share, indicating a 30% upside.

Portfolio Pulse from

November 08, 2024 | 4:00 pm

Grindr Inc. (GRND) reported Q3 earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This is a decrease from $0.06 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 1:15 am

Quest Diagnostics and several other major stocks saw significant gains on Tuesday despite a general market downturn. Quest Diagnostics reported better-than-expected Q3 results, leading to a 7.1% stock increase. Other notable gainers included iRhythm Technologies, IGM Biosciences, and General Motors, all reporting positive news or results.

Portfolio Pulse from Avi Kapoor

October 22, 2024 | 4:23 pm

Leading dating apps like Tinder, Bumble, and Grindr are integrating AI tools to enhance user experience by generating conversation starters and building profiles. This move aims to combat user burnout and attract new users as these platforms face challenges in user growth.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 2:37 am

Grindr shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:57 pm

Grindr projects a revenue growth of 27% or greater for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:09 pm

Grindr shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:48 pm

Grindr (NYSE:GRND) reported Q2 sales of $82.345 million, surpassing the analyst consensus estimate of $78.000 million by 5.57%. This marks a 33.81% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:20 pm

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