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JMP Securities Keeps Their Buy Rating on Grindr (GRND) | Markets Insider

Published 1 week ago1 minute read

In a report released today, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Grindr (GRNDResearch Report), with a price target of $21.00. The company’s shares closed yesterday at $18.05.

According to TipRanks, Jones CFA is a 5-star analyst with an average return of 26.5% and a 51.52% success rate. Jones CFA covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Booking Holdings, and Carvana Co.

Grindr has an analyst consensus of Strong Buy, with a price target consensus of $20.50, implying a 13.57% upside from current levels. In a report released on March 3, TD Cowen also maintained a Buy rating on the stock with a $20.00 price target.

The company has a one-year high of $19.20 and a one-year low of $7.93. Currently, Grindr has an average volume of 1.13M.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock. Last month, George Raymond III Zage, a Director at GRND bought 14,623,442.00 shares for a total of $168,169,583.00.

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