Grindr Inc. (NYSE:GRND - Get Free Report) Director George Raymond Zage III acquired 50,000 shares of the firm's stock in a transaction dated Friday, December 5th. The stock was purchased at an average cost of $13.51 per share, with a total value of $675,500.00. Following the completion of the acquisition, the director directly owned 8,113,283 shares of the company's stock, valued at approximately $109,610,453.33. This trade represents a 0.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
George Raymond Zage III also recently made the following trade(s):
- On Thursday, December 4th, George Raymond Zage III bought 80,000 shares of Grindr stock. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $1,080,000.00.
- On Wednesday, December 3rd, George Raymond Zage III purchased 75,000 shares of Grindr stock. The shares were acquired at an average price of $13.48 per share, with a total value of $1,011,000.00.
- On Tuesday, December 2nd, George Raymond Zage III acquired 100,000 shares of Grindr stock. The shares were acquired at an average cost of $12.95 per share, for a total transaction of $1,295,000.00.
- On Monday, December 1st, George Raymond Zage III bought 150,000 shares of Grindr stock. The stock was acquired at an average cost of $12.91 per share, with a total value of $1,936,500.00.
- On Friday, November 28th, George Raymond Zage III bought 150,000 shares of Grindr stock. The shares were acquired at an average price of $12.88 per share, with a total value of $1,932,000.00.
- On Thursday, October 9th, George Raymond Zage III purchased 1,000,000 shares of Grindr stock. The shares were bought at an average cost of $13.15 per share, for a total transaction of $13,150,000.00.
Grindr Stock Down 0.8%
GRND opened at $13.40 on Wednesday. The business has a 50 day moving average price of $13.58 and a two-hundred day moving average price of $17.20. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.73. The company has a market cap of $2.48 billion, a PE ratio of -36.22 and a beta of 0.23. 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 announced its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $115.77 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, research analysts anticipate that Grindr Inc. will post 0.29 EPS for the current year.
Institutional Investors Weigh In On Grindr
A number of hedge funds and other institutional investors have recently bought and sold shares of GRND. XTX Topco Ltd grew its stake in shares of Grindr by 2.8% during the 1st quarter. XTX Topco Ltd now owns 17,036 shares of the company's stock worth $305,000 after purchasing an additional 459 shares during the period. CWM LLC boosted its holdings in Grindr by 28.7% during the second quarter. CWM LLC now owns 2,476 shares of the company's stock worth $56,000 after buying an additional 552 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Grindr by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,878 shares of the company's stock worth $517,000 after buying an additional 762 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Grindr by 41.7% in the second quarter. Ameritas Investment Partners Inc. now owns 3,407 shares of the company's stock valued at $77,000 after buying an additional 1,002 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Grindr by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 14,634 shares of the company's stock valued at $332,000 after buying an additional 1,086 shares in the last quarter. Institutional investors and hedge funds own 7.22% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on GRND. 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 report on Monday, November 10th. Weiss Ratings restated a "sell (e+)" rating on shares of Grindr in a research report on Monday. Finally, Wall Street Zen downgraded shares of Grindr from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $22.50.
Get Our Latest Analysis on Grindr
About Grindr
(
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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