Grindr (GRND)

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Stocks This Week Follow Up: Grindr And Tesla Are Moving Higher
Forbes· 2024-12-16 22:01
Group 1: Stock Market Trends - The stock market is expected to continue its December rally into January, with a correction anticipated in February and March [1] - February is noted as the weakest month in the 48-month election cycle, as highlighted by Arthur Merrill [1] - For the remainder of 2025, higher stock prices are expected, with June and August-September identified as potential corrective periods [1] Group 2: Grindr Inc. Performance - Grindr Inc. operates a social network and dating application for the LGBTQ community, with stock recommended for purchase at $12.72 on October 21, now closing at $19.62, reflecting a 54% increase [2] - Monthly cycle analysis suggests a potential top in mid-January and a projected low in July 2025, although the data is limited to four years [2][4] - The daily graph indicates an uptrend, with relative strength rising since autumn 2023, and the share price is expected to approach $30 before a correction in 2025 [5][6] Group 3: Tesla Performance - Tesla was recommended for purchase at $213.65 on October 23, with the stock now closing over $460, indicating a breakout from a long consolidation pattern [7] - The breakout projects a share price range of $550-$650, with the monthly cycle indicating that the cycle does not peak until June 2025 [7][9] - Tesla is noted as one of the few major tech stocks that are not currently overbought on a monthly basis [8]
Wall Street Analysts Think GRINDR INC (GRND) Could Surge 28.87%: Read This Before Placing a Bet
ZACKS· 2024-11-29 15:57
Core Viewpoint - Grindr Inc. (GRND) shares have increased by 12.1% in the past four weeks, closing at $15, with a mean price target of $19.33 indicating a potential upside of 28.9% [1] Price Targets - The average price target consists of three estimates ranging from a low of $18 to a high of $21, with a standard deviation of $1.53, suggesting a 20% increase at the lowest estimate and a 40% increase at the highest [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts are optimistic about GRND's earnings prospects, as indicated by upward revisions in EPS estimates, which have shown a strong correlation with near-term stock price movements [9][10] - The Zacks Consensus Estimate for the current year has risen by 12% over the past month, with no negative revisions [10] - GRND holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are often sought after, they can mislead investors, and reliance solely on them may lead to disappointing returns [3][5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]
Are Computer and Technology Stocks Lagging GRINDR INC (GRND) This Year?
ZACKS· 2024-11-28 15:45
Group 1 - Grindr Inc. has shown a year-to-date performance increase of approximately 70.8%, significantly outperforming the average gain of 28.1% in the Computer and Technology sector [4] - The Zacks Rank for Grindr Inc. is currently 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for Grindr's full-year earnings has risen by 12% over the past quarter, reflecting improved analyst sentiment [3] Group 2 - Grindr Inc. is part of the Internet - Software industry, which consists of 145 individual stocks and currently ranks 36 in the Zacks Industry Rank [6] - The average gain for the Internet - Software industry this year is 32.6%, indicating that Grindr is performing better than its industry peers [6] - Another notable stock in the Computer and Technology sector, Meta Platforms, has also shown strong performance with a year-to-date return of 60.8% [4][5]
Are You Looking for a Top Momentum Pick? Why Grindr Inc. (GRND) is a Great Choice
ZACKS· 2024-11-26 18:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Grindr Inc. (GRND) - Grindr Inc. currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, GRND shares increased by 6.36%, outperforming the Zacks Internet - Software industry, which rose by 5.38% [6] - In the last month, GRND's price change was 13.35%, compared to the industry's 7.38% [6] - Over the past quarter, GRND shares have risen by 26.35%, and over the last year, they have gained 137.5%, while the S&P 500 increased by 6.59% and 32.84%, respectively [7] Trading Volume - GRND's average 20-day trading volume is 605,332 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for GRND has increased, while none have decreased, raising the consensus estimate from -$0.03 to $0.04 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating a positive earnings outlook [10] Conclusion - Given the positive momentum indicators and earnings outlook, GRND is positioned as a promising investment opportunity with a Momentum Score of B [11]
Wall Street Analysts Believe GRINDR INC (GRND) Could Rally 32.13%: Here's is How to Trade
ZACKS· 2024-11-13 16:00
Shares of Grindr Inc. (GRND) have gained 14.3% over the past four weeks to close the last trading session at $14.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $19.33 indicates a potential upside of 32.1%.The average comprises three short-term price targets ranging from a low of $18 to a high of $21, with a standard deviation of $1.53. While the lowest estimate indicates an ...
Grindr (GRND) - 2024 Q3 - Earnings Call Transcript
2024-11-09 18:40
Grindr Inc. (NYSE:GRND) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Tolu Adeofe - Head-Investor Relations George Arison - Chief Executive Officer Vanna Krantz - Chief Financial Officer Conference Call Participants Nick Jones - Citizens JMP Andrew Marok - Raymond James John Blackledge - TD Cowen Operator Good afternoon. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Grindr's Third Quarter 2024 Earnings ...
Grindr (GRND) - 2024 Q3 - Quarterly Report
2024-11-08 21:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39714 ________________________ Grindr ...
Grindr Q3 2024: A Steady Grind To Higher Valuation
Seeking Alpha· 2024-11-08 15:46
Astrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media, internet, and consumer sectors in North America and Asia, Astrada Advisors excels in identifying high-potential investments and navigating complex industries.Leveraging extensive local and global experience, Astrada Advisors offers a unique perspective o ...
Grindr Inc. (GRND) Misses Q3 Earnings Estimates
ZACKS· 2024-11-08 01:01
Grindr Inc. (GRND) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.07, delivering a surprise of 40%.Over the last four quarters, the company has su ...
Grindr (GRND) - 2024 Q3 - Quarterly Results
2024-11-07 21:14
Exhibit 99.1 Grindr Inc. Reports Third Quarter 2024 Revenue Growth of 27%, Raises Revenue Guidance Third Quarter 2024 Revenue of $89 Million Net Income of $25 Million, Net Income Margin of 28% Adjusted EBITDA of $40 Million and Adjusted EBITDA Margin of 45% Raising FY 2024 Guidance to 29% or Greater Revenue Growth TM LOS ANGELES, CA – November 7, 2024 – Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket , today posted its financial results for the third fiscal quarter ended September 30, 2024, i ...