Grindr (NYSE:GRND - Get Free Report) is expected to release its Q2 2025 earnings data after the market closes on Thursday, August 7th. Analysts expect Grindr to post earnings of $0.11 per share and revenue of $104.40 million for the quarter. Grindr has set its FY 2025 guidance at EPS.
Grindr (NYSE:GRND - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Grindr had a negative net margin of 26.04% and a positive return on equity of 219.47%. On average, analysts expect Grindr to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Grindr Price Performance
NYSE GRND traded down $0.11 on Friday, hitting $17.37. The company had a trading volume of 2,342,854 shares, compared to its average volume of 1,558,721. The company has a market capitalization of $3.40 billion, a PE ratio of -26.72 and a beta of 0.28. The company's fifty day moving average price is $21.80 and its 200-day moving average price is $20.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.22 and a quick ratio of 4.22. Grindr has a 12-month low of $10.26 and a 12-month high of $25.13.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. JMP Securities lifted their target price on shares of Grindr from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research note on Monday, June 30th. The Goldman Sachs Group lifted their target price on shares of Grindr from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Citizens Jmp assumed coverage on shares of Grindr in a research note on Monday, June 30th. They set an "outperform" rating and a $27.00 target price on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $26.00 target price (up previously from $22.00) on shares of Grindr in a research note on Friday, May 9th. Finally, Wall Street Zen raised shares of Grindr from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $24.60.
Get Our Latest Report on GRND
Insider Activity
In other news, Director J Michael Gearon, Jr. sold 500,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $23.71, for a total transaction of $11,855,000.00. Following the transaction, the director owned 6,619,727 shares of the company's stock, valued at approximately $156,953,727.17. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Fu Bin Lu sold 852,567 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $23.93, for a total transaction of $20,401,928.31. Following the transaction, the director directly owned 26,588,867 shares in the company, valued at approximately $636,271,587.31. The trade was a 3.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,641,251 shares of company stock worth $110,831,024. Corporate insiders own 67.70% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Grindr stock. AQR Capital Management LLC increased its position in shares of Grindr Inc. (NYSE:GRND - Free Report) by 289.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,134 shares of the company's stock after acquiring an additional 65,485 shares during the quarter. AQR Capital Management LLC's holdings in Grindr were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.22% of the company's stock.
About Grindr
(
Get Free Report)
Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.
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