Key Points
- Insider selling: Grindr director Nathan Richardson sold 1,500 shares on Dec. 1 at an average price of $12.70 for $19,050, leaving him with 15,833 shares — an 8.65% reduction in his ownership disclosed via SEC Form 4.
- The Dec. 1 sale continues a string of recent disposals by Richardson (1,500 shares on Nov. 18 at $13.55; 485 on Nov. 14 at $14.03; 1,000 on Oct. 14 at $13.50; 1,000 on Sep. 15 at $16.19), signaling ongoing insider selling activity.
- Market context: GRND trades near $12.96 with a 50-/200-day MA of $13.80/$17.57 and a 52-week range of $11.73–$25.13; analysts are mixed but the consensus is a "Moderate Buy" with a $22.50 average price target, while the company shows solid revenue growth alongside a negative net margin and high debt-to-equity (3.73).
Grindr Inc. (NYSE:GRND - Get Free Report) Director Nathan Richardson sold 1,500 shares of the company's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $12.70, for a total value of $19,050.00. Following the transaction, the director directly owned 15,833 shares of the company's stock, valued at $201,079.10. This trade represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Nathan Richardson also recently made the following trade(s):
- On Tuesday, November 18th, Nathan Richardson sold 1,500 shares of Grindr stock. The shares were sold at an average price of $13.55, for a total value of $20,325.00.
- On Friday, November 14th, Nathan Richardson sold 485 shares of Grindr stock. The shares were sold at an average price of $14.03, for a total transaction of $6,804.55.
- On Tuesday, October 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The shares were sold at an average price of $13.50, for a total transaction of $13,500.00.
- On Monday, September 15th, Nathan Richardson sold 1,000 shares of Grindr stock. The stock was sold at an average price of $16.19, for a total transaction of $16,190.00.
Grindr Price Performance
Shares of NYSE:GRND opened at $12.96 on Wednesday. The firm's 50 day moving average is $13.80 and its two-hundred day moving average is $17.57. The firm has a market capitalization of $2.39 billion, a P/E ratio of -35.03 and a beta of 0.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.73. Grindr Inc. has a 52 week low of $11.73 and a 52 week high of $25.13.
Grindr (NYSE:GRND - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Grindr had a positive return on equity of 80.21% and a negative net margin of 11.99%.The business had revenue of $115.77 million during the quarter, compared to analyst estimates of $113.53 million. During the same period in the prior year, the company posted $0.09 EPS. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. Analysts anticipate that Grindr Inc. will post 0.29 earnings per share for the current year.
Analysts Set New Price Targets
GRND has been the subject of several recent analyst reports. Citizens Jmp decreased their price target on Grindr from $23.00 to $21.00 and set a "market outperform" rating for the company in a research note on Monday, November 10th. JMP Securities reduced their price objective on shares of Grindr from $27.00 to $23.00 and set a "market outperform" rating for the company in a report on Monday, August 11th. Wall Street Zen cut shares of Grindr from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Grindr in a research note on Monday. Finally, Raymond James Financial decreased their price objective on shares of Grindr from $26.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.50.
Check Out Our Latest Stock Report on Grindr
Institutional Investors Weigh In On Grindr
A number of large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grindr in the third quarter valued at $26,000. CWM LLC lifted its stake in shares of Grindr by 838.5% in the 1st quarter. CWM LLC now owns 1,924 shares of the company's stock valued at $34,000 after purchasing an additional 1,719 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Grindr by 1,473.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,479 shares of the company's stock worth $34,000 after purchasing an additional 1,385 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Grindr during the 2nd quarter worth $39,000. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Grindr by 190.7% in the third quarter. Aster Capital Management DIFC Ltd now owns 3,793 shares of the company's stock valued at $57,000 after purchasing an additional 2,488 shares during the last quarter. Institutional investors and hedge funds own 7.22% of the company's stock.
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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