GCM Grosvenor (NASDAQ:GCMG) Releases Quarterly Earnings Results

GCM Grosvenor (NASDAQ:GCMG) issued its quarterly earnings results 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 negative return on equity of 73.06% and a net margin of 3.08%.

GCM Grosvenor Stock Up 3.8 %

NASDAQ GCMG opened at $14.07 on Tuesday. GCM Grosvenor has a 1-year low of $8.05 and a 1-year high of $14.44. The business’s 50-day simple moving average is $12.78 and its 200-day simple moving average is $11.83.

Wall Street Analyst Weigh In

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