Key Points
- Zachary Katz sold 29,383 shares of Grindr on Nov. 25 at an average price of $12.52 for $367,875, reducing his direct stake by 5.99% — part of a recent pattern in which he has sold about 74,054 shares across several transactions in the past months.
- Grindr recently beat quarterly EPS and revenue (EPS $0.16 vs. $0.12; revenue up 29.6%), but still posts a negative net margin (-11.99%) and negative P/E; shares trade around $12.82 (50-day $13.93, 200-day $17.80), with analysts giving a consensus "Moderate Buy" and an average target of $22.50.
Grindr Inc. (NYSE:GRND - Get Free Report) insider Zachary Katz sold 29,383 shares of Grindr stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $12.52, for a total transaction of $367,875.16. Following the transaction, the insider directly owned 461,137 shares of the company's stock, valued at $5,773,435.24. This represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Zachary Katz also recently made the following trade(s):
- On Thursday, November 13th, Zachary Katz sold 13,781 shares of Grindr stock. The shares were sold at an average price of $14.39, for a total transaction of $198,308.59.
- On Monday, November 3rd, Zachary Katz sold 15,601 shares of Grindr stock. The stock was sold at an average price of $13.73, for a total value of $214,201.73.
- On Monday, October 13th, Zachary Katz sold 7,645 shares of Grindr stock. The stock was sold at an average price of $12.83, for a total value of $98,085.35.
- On Monday, September 15th, Zachary Katz sold 7,644 shares of Grindr stock. The shares were sold at an average price of $15.64, for a total value of $119,552.16.
Grindr Stock Down 1.0%
Shares of Grindr stock opened at $12.82 on Friday. The stock's 50-day moving average is $13.93 and its 200 day moving average is $17.80. Grindr Inc. has a one year low of $11.73 and a one year high of $25.13. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -34.63 and a beta of 0.22. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.82 and a quick ratio of 0.82.
Grindr (NYSE:GRND - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $115.77 million for the quarter, compared to analyst estimates of $113.53 million. Grindr had a positive return on equity of 80.21% and a negative net margin of 11.99%.The company's revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. Grindr has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Grindr Inc. will post 0.29 EPS for the current year.
Institutional Investors Weigh In On Grindr
A number of institutional investors and hedge funds have recently made changes to their positions in GRND. Caitong International Asset Management Co. Ltd acquired a new position in Grindr during the 3rd quarter valued at about $26,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Grindr by 327.5% during 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 buying an additional 1,058,084 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Grindr by 144.0% during the third quarter. Qube Research & Technologies Ltd now owns 1,043,577 shares of the company's stock worth $15,675,000 after buying an additional 615,900 shares in the last quarter. Prelude Capital Management LLC purchased a new stake in Grindr in the 3rd quarter valued at $249,000. Finally, Mariner LLC raised its position in Grindr by 49.2% in the 3rd quarter. Mariner LLC now owns 19,108 shares of the company's stock valued at $287,000 after buying an additional 6,305 shares during the last quarter. Institutional investors and hedge funds own 7.22% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on GRND shares. Citizens Jmp cut their target price on shares of Grindr from $23.00 to $21.00 and set a "market outperform" rating on the stock in a research note on Monday, November 10th. JMP Securities cut their price objective on shares of Grindr from $27.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Monday, August 11th. Raymond James Financial reduced their target price on Grindr from $26.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Grindr in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Grindr from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.50.
View Our Latest Research 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.
Further Reading
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