Grindr has outperformed competitors like Match and Bumble, with shares up over 40% YTD due to strong user growth and high revenue generation. Grindr's brand recognition, feature innovation, and international growth opportunities distinguish it from generalist dating apps, driving its market momentum. With higher EBITDA margins than peers and a compelling valuation, I'm setting a price target of $16 for Grindr, or ~30% above current levels.
Grindr Inc. (NYSE:GRND ) Q2 2024 Earnings Conference Call August 8, 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 Operator Good afternoon. My name is Stephanie, and I will be your conference operator today.
Grindr Inc. (GRND) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.13 per share a year ago.
The mean of analysts' price targets for GRINDR INC (GRND) points to a 31.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Does Grindr Inc. (GRND) have what it takes to be a top stock pick for momentum investors? Let's find out.