Grindr Inc. (NYSE:GRND - Get Free Report) Director Nathan Richardson sold 1,000 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $23.45, for a total transaction of $23,450.00. Following the transaction, the director now owns 15,126 shares of the company's stock, valued at approximately $354,704.70. This represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Nathan Richardson also recently made the following trade(s):
- On Monday, April 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The shares were sold at an average price of $18.40, for a total transaction of $18,400.00.
Grindr Trading Down 0.2%
GRND traded down $0.04 on Wednesday, hitting $22.98. The company had a trading volume of 1,866,514 shares, compared to its average volume of 1,162,176. Grindr Inc. has a 12-month low of $9.42 and a 12-month high of $25.13. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.85. The business's fifty day simple moving average is $22.38 and its 200 day simple moving average is $19.09. The company has a market cap of $4.50 billion, a PE ratio of -35.35 and a beta of 0.31.
Grindr (NYSE:GRND - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. Grindr had a positive return on equity of 219.47% and a negative net margin of 26.04%. Equities research analysts expect that Grindr Inc. will post 0.29 EPS for the current year.
Analyst Upgrades and Downgrades
GRND has been the subject of a number of research analyst reports. Raymond James Financial restated an "outperform" rating and set a $26.00 price objective (up previously from $22.00) on shares of Grindr in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price objective on Grindr from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. JMP Securities reaffirmed a "market outperform" rating and set a $24.00 price objective on shares of Grindr in a report on Monday, April 21st. Wall Street Zen raised shares of Grindr from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Citigroup restated an "outperform" rating on shares of Grindr in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $23.25.
Get Our Latest Report on Grindr
Institutional Trading of Grindr
Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of Grindr by 838.5% during the 1st quarter. CWM LLC now owns 1,924 shares of the company's stock worth $34,000 after purchasing an additional 1,719 shares during the period. GAMMA Investing LLC raised its holdings in shares of Grindr by 45.5% in the first quarter. GAMMA Investing LLC now owns 2,116 shares of the company's stock worth $38,000 after buying an additional 662 shares during the period. Russell Investments Group Ltd. increased its stake in Grindr by 31.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company's stock worth $47,000 after purchasing an additional 642 shares during the period. Quarry LP lifted its position in shares of Grindr by 209.2% during the fourth quarter. Quarry LP now owns 3,423 shares of the company's stock worth $61,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Grindr by 511.9% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,638 shares of the company's stock worth $83,000 after purchasing an additional 3,880 shares during the last quarter. 7.22% of the stock is currently owned by institutional investors.
Grindr Company Profile
(
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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