Grindr receives positive analyst ratings and buy recommendations amid insider stock sales.
JMP Securities has given Grindr (GRND) a "market outperform" rating, with a target price of $21.00. Analysts from Raymond James and TD Cowen have raised their price targets to $19.00 and $17.00, respectively, while Goldman Sachs issued a "buy" rating with a $20.00 target. Despite positive analyst views, Grindr insiders have sold about 2.4 million shares recently. The company operates a social network and dating app for the LGBTQ community, offering both free and premium services.
3 months ago
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