Features and Fees Driving Grindr Growth

GRND is the leading social network app for the gay, bi, trans, queer, and other members of the LGBTQ+ community. Founded in 2009, the company has grown to a more than $3 billion company. GRND has benefited throughout its history from new features. Recent ones like its “right now” mode and “interest tab” have significantly boosted user engagement and helped convert free users to paying users.

Grindr’s third-quarter fiscal 2024 earnings showed total revenue of $89 million, which is a 27% year-over-year increase. The company experienced a 15% increase in average paying users and saw its advertising revenue exceed expectations, growing 43% year-over-year. With nearly $28 million in free cash flow, the company will be looking to expand further.

It’s no wonder GRND shares gained nearly 109% in a year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Grindr

Institutional volumes reveal plenty. In the last year, GRND has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in GRND shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Grindr.

Grindr Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, GRND has had strong sales growth:

• 1-year sales growth rate (+33.2%)
• 3-year sales growth rate (+33.2%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +907.7%.

Now it makes sense why the stock has been powering to new heights. GRND has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Grindr has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times recently, with more potentially on the horizon. The blue bars below show when GRND was a top pick:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Grindr Price Prediction

The GRND rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in GRND at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.