Key Points
- Major shareholder James Fu Bin Lu sold roughly 3.01 million Grindr shares between Jan. 12 and Feb. 6, generating about $32.9 million; his Feb. 4 sale of 375,000 shares at $10.13 left him with 19,507,101 shares (≈$197.6M) and was a 1.89% reduction at that time.
- Grindr stock opened at $10.22 and is trading below its 50- and 200-day moving averages ($12.75 and $14.31), near its 52-week low of $9.73, with a negative P/E while analysts show a consensus "Moderate Buy" and a $22.50 target.
- Operationally, Grindr recently beat quarterly EPS estimates ($0.16 vs. $0.12) with revenue up 29.6% year-over-year, but the company still reports a negative net margin and relatively high leverage (debt-to-equity 3.73).
Grindr Inc. (NYSE:GRND - Get Free Report) major shareholder James Fu Bin Lu sold 375,000 shares of the business's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.13, for a total value of $3,798,750.00. Following the sale, the insider owned 19,507,101 shares of the company's stock, valued at approximately $197,606,933.13. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
James Fu Bin Lu also recently made the following trade(s):
- On Friday, February 6th, James Fu Bin Lu sold 475,000 shares of Grindr stock. The shares were sold at an average price of $10.01, for a total value of $4,754,750.00.
- On Thursday, February 5th, James Fu Bin Lu sold 600,000 shares of Grindr stock. The stock was sold at an average price of $10.07, for a total value of $6,042,000.00.
- On Tuesday, February 3rd, James Fu Bin Lu sold 234,339 shares of Grindr stock. The stock was sold at an average price of $10.73, for a total value of $2,514,457.47.
- On Monday, February 2nd, James Fu Bin Lu sold 178,427 shares of Grindr stock. The shares were sold at an average price of $11.14, for a total transaction of $1,987,676.78.
- On Friday, January 30th, James Fu Bin Lu sold 200,000 shares of Grindr stock. The shares were sold at an average price of $11.27, for a total transaction of $2,254,000.00.
- On Tuesday, January 27th, James Fu Bin Lu sold 200,000 shares of Grindr stock. The stock was sold at an average price of $11.74, for a total transaction of $2,348,000.00.
- On Monday, January 26th, James Fu Bin Lu sold 239,000 shares of Grindr stock. The stock was sold at an average price of $11.97, for a total transaction of $2,860,830.00.
- On Thursday, January 22nd, James Fu Bin Lu sold 200,000 shares of Grindr stock. The shares were sold at an average price of $11.98, for a total transaction of $2,396,000.00.
- On Tuesday, January 20th, James Fu Bin Lu sold 200,000 shares of Grindr stock. The shares were sold at an average price of $12.06, for a total transaction of $2,412,000.00.
- On Monday, January 12th, James Fu Bin Lu sold 112,368 shares of Grindr stock. The stock was sold at an average price of $13.23, for a total transaction of $1,486,628.64.
Grindr Stock Performance
Shares of Grindr stock opened at $10.22 on Friday. The firm has a fifty day moving average of $12.75 and a two-hundred day moving average of $14.31. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -27.63 and a beta of 0.22. Grindr Inc. has a 52 week low of $9.73 and a 52 week high of $25.13.
Grindr (NYSE:GRND - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business 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 firm's revenue was up 29.6% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. As a group, equities research analysts predict that Grindr Inc. will post 0.29 EPS for the current year.
Institutional Investors Weigh In On Grindr
A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in shares of Grindr by 289.1% during the 1st quarter. AQR Capital Management LLC now owns 88,134 shares of the company's stock valued at $1,578,000 after purchasing an additional 65,485 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Grindr by 2.7% during the 1st 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. Robeco Institutional Asset Management B.V. bought a new position in Grindr in the second quarter valued at approximately $228,000. KLP Kapitalforvaltning AS boosted its holdings in shares of Grindr by 46.0% in the second quarter. KLP Kapitalforvaltning AS now owns 7,300 shares of the company's stock valued at $166,000 after buying an additional 2,300 shares during the period. Finally, CWM LLC boosted its holdings in shares of Grindr by 28.7% in the second quarter. CWM LLC now owns 2,476 shares of the company's stock valued at $56,000 after buying an additional 552 shares during the period. Institutional investors and hedge funds own 7.22% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Grindr in a research report on Monday, December 29th. Wall Street Zen lowered shares of Grindr from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Finally, Citizens Jmp decreased their price objective on shares of Grindr from $23.00 to $21.00 and set a "market outperform" rating for the company in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.50.
View Our Latest Analysis on GRND
About Grindr
(
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.
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