Grindr Inc. (NYSE:GRND) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Grindr a "Moderate Buy"—six analysts average a 1‑year price target of $18.80 (four buys, two holds); TD Cowen and Goldman Sachs recently cut targets while Morgan Stanley initiated coverage at "equal weight" with a $14 target.
• Insider sale: Major shareholder James Fu Bin Lu sold 475,000 shares at $10.01 (~$4.75M) on Feb. 6, trimming his holding by 2.51%, though insiders still control 67.70% of the stock.
• Several institutions (including Norges Bank, Quinn Opportunity Partners and Marshall Wace) added new stakes in Q4, yet institutional ownership is only 7.22%; Grindr shares trade near $13.53 with a $2.5B market cap and a 52‑week range of $9.73–$25.13.

Shares of Grindr Inc. (NYSE:GRND - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.80.

Several analysts recently commented on the company. TD Cowen dropped their target price on Grindr from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Morgan Stanley assumed coverage on Grindr in a report on Tuesday, February 24th. They set an "equal weight" rating and a $14.00 target price on the stock. The Goldman Sachs Group dropped their target price on Grindr from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings raised Grindr from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, March 4th.

Insider Buying and Selling

In related news, major shareholder James Fu Bin Lu sold 475,000 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $10.01, for a total transaction of $4,754,750.00. Following the sale, the insider directly owned 18,432,101 shares of the company's stock, valued at $184,505,331.01. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 67.70% of the stock is currently owned by company insiders.

Institutional Trading of Grindr

Several institutional investors have recently bought and sold shares of GRND. Norges Bank acquired a new stake in Grindr in the fourth quarter valued at approximately $27,441,000. Quinn Opportunity Partners LLC acquired a new stake in Grindr in the fourth quarter valued at approximately $20,565,000. Blacksheep Fund Management Ltd acquired a new stake in Grindr in the fourth quarter valued at approximately $16,804,000. Balyasny Asset Management L.P. grew its holdings in Grindr by 442.6% in the third quarter. Balyasny Asset Management L.P. now owns 942,017 shares of the company's stock valued at $14,149,000 after purchasing an additional 1,217,017 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Grindr in the fourth quarter valued at approximately $15,631,000. 7.22% of the stock is owned by institutional investors and hedge funds.

Grindr Stock Down 1.9%

Grindr stock opened at $13.53 on Thursday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 31.45 and a beta of 0.27. Grindr has a 52 week low of $9.73 and a 52 week high of $25.13. The business's 50-day moving average price is $12.42 and its 200 day moving average price is $12.68. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 8.00.

Grindr Company Profile

Grindr, trading on the NYSE under the ticker symbol GRND, operates a global social networking and dating platform designed primarily for gay, bisexual, transgender and queer (GBTQ) individuals. The company’s core offering is a location-based mobile application that enables users to connect, chat and share content with others in their vicinity. Through its free tier and premium subscription services—known as Grindr XTRA and Grindr Unlimited—Grindr provides enhanced features such as ad-free browsing, advanced filters and unlimited profile views, catering to a broad spectrum of user needs.

Originally launched in 2009 by entrepreneur Joel Simkhai, Grindr was one of the first mobile apps to leverage geolocation technology for social networking.

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