Key Points
- James Fu Bin Lu sold 3,628 shares of Grindr on Dec. 29 at $13.50 and has executed multiple large sales in recent weeks, leaving him with 511,833 shares (a 0.70% reduction) worth about $6.91 million after cumulative disposals totaling several million dollars.
- Grindr recently beat expectations with $0.16 EPS versus $0.12 expected and revenue of $115.8M (up 29.6% year-over-year), though the company still shows a negative net margin.
- GRND trades around $13.40 with a $2.48B market cap, a negative P/E, and a 1‑year range of $11.73–$25.13; analysts’ consensus is a “Moderate Buy” with an average target price of $22.50.
Grindr Inc. (NYSE:GRND - Get Free Report) major shareholder James Fu Bin Lu sold 3,628 shares of the company's stock in a transaction on Monday, December 29th. The shares were sold at an average price of $13.50, for a total value of $48,978.00. Following the completion of the transaction, the insider directly owned 511,833 shares in the company, valued at $6,909,745.50. This represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
James Fu Bin Lu also recently made the following trade(s):
- On Friday, December 26th, James Fu Bin Lu sold 43,994 shares of Grindr stock. The shares were sold at an average price of $13.51, for a total transaction of $594,358.94.
- On Tuesday, December 23rd, James Fu Bin Lu sold 100,000 shares of Grindr stock. The stock was sold at an average price of $13.80, for a total value of $1,380,000.00.
- On Tuesday, November 18th, James Fu Bin Lu sold 75,748 shares of Grindr stock. The shares were sold at an average price of $13.65, for a total transaction of $1,033,960.20.
- On Monday, November 17th, James Fu Bin Lu sold 4,316 shares of Grindr stock. The shares were sold at an average price of $14.01, for a total value of $60,467.16.
- On Friday, November 14th, James Fu Bin Lu sold 363,665 shares of Grindr stock. The shares were sold at an average price of $14.10, for a total value of $5,127,676.50.
- On Thursday, November 13th, James Fu Bin Lu sold 205,579 shares of Grindr stock. The stock was sold at an average price of $14.45, for a total value of $2,970,616.55.
- On Wednesday, November 12th, James Fu Bin Lu sold 291,948 shares of Grindr stock. The stock was sold at an average price of $14.80, for a total transaction of $4,320,830.40.
- On Tuesday, November 11th, James Fu Bin Lu sold 558,744 shares of Grindr stock. The shares were sold at an average price of $14.99, for a total value of $8,375,572.56.
- On Friday, October 17th, James Fu Bin Lu sold 250,000 shares of Grindr stock. The stock was sold at an average price of $13.13, for a total value of $3,282,500.00.
- On Wednesday, October 15th, James Fu Bin Lu sold 400,000 shares of Grindr stock. The shares were sold at an average price of $12.96, for a total transaction of $5,184,000.00.
Grindr Trading Down 0.1%
GRND stock opened at $13.40 on Wednesday. The business's 50 day moving average is $13.67 and its 200-day moving average is $16.14. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.73. The firm has a market cap of $2.48 billion, a P/E ratio of -36.22 and a beta of 0.23. Grindr Inc. has a 1-year low of $11.73 and a 1-year high of $25.13.
Grindr (NYSE:GRND - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $115.77 million during the quarter, compared to analysts' expectations of $113.53 million. Grindr had a negative net margin of 11.99% and a positive return on equity of 80.21%. Grindr's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Equities analysts anticipate that Grindr Inc. will post 0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grindr
A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Grindr by 1,473.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,479 shares of the company's stock worth $34,000 after buying an additional 1,385 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Grindr during the second quarter valued at about $39,000. Caitong International Asset Management Co. Ltd bought a new stake in Grindr during the 3rd quarter worth approximately $26,000. CWM LLC grew 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. Finally, Huntington National Bank bought a new stake in shares of Grindr in the 2nd quarter worth $64,000. 7.22% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Grindr in a research report on Monday. Wall Street Zen downgraded Grindr from a "buy" rating to a "hold" rating in a research report on Saturday, October 18th. Finally, Citizens Jmp lowered their target price on Grindr from $23.00 to $21.00 and set a "market outperform" rating on the stock in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Grindr has an average rating of "Moderate Buy" and an average target price of $22.50.
Read Our Latest Report on GRND
Grindr Company Profile
(
Get Free Report)
Grindr, trading on the NYSE under the ticker symbol GRND, operates a global social networking and dating platform designed primarily for gay, bisexual, transgender and queer (GBTQ) individuals. The company’s core offering is a location-based mobile application that enables users to connect, chat and share content with others in their vicinity. Through its free tier and premium subscription services—known as Grindr XTRA and Grindr Unlimited—Grindr provides enhanced features such as ad-free browsing, advanced filters and unlimited profile views, catering to a broad spectrum of user needs.
Originally launched in 2009 by entrepreneur Joel Simkhai, Grindr was one of the first mobile apps to leverage geolocation technology for social networking.
Further Reading
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