Grindr (NYSE:GRND - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $95.94 million for the quarter.
Grindr Trading Up 0.8 %
Shares of NYSE:GRND traded up $0.18 during trading on Tuesday, reaching $23.02. 452,739 shares of the company traded hands, compared to its average volume of 989,400. Grindr has a 52-week low of $8.95 and a 52-week high of $23.45. The business's fifty day moving average is $18.43 and its 200-day moving average is $17.06. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -65.71 and a beta of 0.28.
Insiders Place Their Bets
In other Grindr news, insider Zachary Katz sold 3,058 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $16.23, for a total value of $49,631.34. Following the sale, the insider now directly owns 613,800 shares of the company's stock, valued at approximately $9,961,974. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 8,115 shares of company stock worth $139,397. 76.40% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on GRND shares. JMP Securities restated a "market outperform" rating and issued a $24.00 price objective on shares of Grindr in a research report on Monday, April 21st. Raymond James reaffirmed an "outperform" rating and set a $22.00 price target on shares of Grindr in a research report on Thursday, March 6th. Finally, Citigroup reissued an "outperform" rating on shares of Grindr in a research note on Thursday, March 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Grindr currently has a consensus rating of "Buy" and an average target price of $20.75.
Check Out Our Latest Stock Report on Grindr
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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