Grindr Inc. (NYSE:GRND - Get Free Report) Director Nathan Richardson sold 1,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.68, for a total transaction of $12,680.00. Following the sale, the director now owns 32,642 shares of the company's stock, valued at approximately $413,900.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Grindr Stock Performance
Grindr stock opened at $12.82 on Thursday. Grindr Inc. has a one year low of $5.71 and a one year high of $13.25. The company has a 50-day simple moving average of $12.06 and a 200-day simple moving average of $11.04.
Grindr (NYSE:GRND - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Grindr had a negative net margin of 25.67% and a negative return on equity of 234.28%. The firm had revenue of $82.35 million during the quarter, compared to analyst estimates of $77.40 million. On average, research analysts predict that Grindr Inc. will post 0.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grindr
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its position in Grindr by 124.0% during the 2nd quarter. Marshall Wace LLP now owns 627,879 shares of the company's stock worth $7,685,000 after acquiring an additional 347,626 shares during the period. Vanguard Group Inc. raised its stake in shares of Grindr by 5.7% during the first quarter. Vanguard Group Inc. now owns 570,351 shares of the company's stock valued at $5,778,000 after purchasing an additional 30,574 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Grindr in the second quarter worth about $3,640,000. Squarepoint Ops LLC grew its position in Grindr by 264.4% in the 2nd quarter. Squarepoint Ops LLC now owns 260,814 shares of the company's stock valued at $3,192,000 after buying an additional 189,237 shares in the last quarter. Finally, Discovery Capital Management LLC CT acquired a new position in Grindr during the 2nd quarter valued at about $3,179,000. 7.22% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. TD Cowen boosted their price objective on shares of Grindr from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, June 27th. Raymond James upped their target price on Grindr from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, June 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Grindr in a report on Monday, July 15th.
Check Out Our Latest Stock Report on GRND
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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