GCM Grosvenor (NASDAQ:GCMG) Issues Earnings Results, Misses Estimates By $0.01 EPS

GCM Grosvenor (NASDAQ:GCMG) announced its quarterly earnings data on Monday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Zacks reports. GCM Grosvenor had a net margin of 3.08% and a negative return on equity of 73.06%.

GCM Grosvenor Stock Up 2.4 %

Shares of NASDAQ:GCMG opened at $13.89 on Monday. The company’s 50-day moving average price is $12.74 and its 200 day moving average price is $11.81. The company has a market cap of $2.63 billion, a PE ratio of -235.18 and a beta of 0.56. GCM Grosvenor has a fifty-two week low of $8.05 and a fifty-two week high of $14.96.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GCMG. UBS Group raised their price objective on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Oppenheimer upped their price target on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, TD Cowen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price objective for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.70.

GCM Grosvenor Company Profile

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.