Grindr Inc. (NYSE:GRND) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Six analysts cover Grindr (4 buy, 2 hold) and the average 12‑month target price is $18.80.
• Significant insider selling: Major shareholder James Fu Bin Lu sold 600,000 shares at $10.07 (part of 3,017,134 insider shares sold last quarter worth ~$32.9M), though insiders still own 67.70% of the company.
• Stock metrics and range: GRND trades around $12.07 with a $2.23B market cap, P/E of 28.06, very high leverage (debt‑to‑equity 8.00) and a one‑year range of $9.73–$25.13.

Grindr Inc. (NYSE:GRND - Get Free Report) has received an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.80.

A number of research firms have issued reports on GRND. The Goldman Sachs Group cut their price objective on shares of Grindr from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Morgan Stanley began coverage on shares of Grindr in a report on Tuesday, February 24th. They set an "equal weight" rating and a $14.00 price objective on the stock. TD Cowen cut their price objective on shares of Grindr from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Finally, Weiss Ratings raised shares of Grindr from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, March 4th.

Insider Buying and Selling at Grindr

In related news, major shareholder James Fu Bin Lu sold 600,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $10.07, for a total transaction of $6,042,000.00. Following the completion of the transaction, the insider owned 18,907,101 shares in the company, valued at approximately $190,394,507.07. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 3,017,134 shares of company stock valued at $32,890,118. 67.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Grindr

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Grindr by 0.4% during the third quarter. Vanguard Group Inc. now owns 2,292,256 shares of the company's stock valued at $34,430,000 after buying an additional 9,952 shares during the period. Norges Bank bought a new stake in shares of Grindr in the 4th quarter worth approximately $27,441,000. Quinn Opportunity Partners LLC bought a new stake in shares of Grindr in the 4th quarter worth approximately $20,565,000. Jacobs Levy Equity Management Inc. lifted its stake in Grindr by 327.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,381,211 shares of the company's stock valued at $20,746,000 after purchasing an additional 1,058,084 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Grindr by 93.5% in the second quarter. Bank of America Corp DE now owns 1,259,449 shares of the company's stock valued at $28,589,000 after purchasing an additional 608,554 shares during the last quarter. Institutional investors own 7.22% of the company's stock.

Grindr Price Performance

GRND opened at $12.07 on Friday. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 28.06 and a beta of 0.21. The firm's fifty day moving average price is $11.54 and its two-hundred day moving average price is $12.77. Grindr has a 1 year low of $9.73 and a 1 year high of $25.13.

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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