Grindr (NYSE:GRND) Director Sells $20,325.00 in Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,500 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $13.55, for a total transaction of $20,325.00. Following the completion of the sale, the director owned 17,333 shares of the company’s stock, valued at approximately $234,862.15. The trade was a 7.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nathan Richardson also recently made the following trade(s):

• On Friday, November 14th, Nathan Richardson sold 485 shares of Grindr stock. The stock was sold at an average price of $14.03, for a total value 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 value 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 value of $16,190.00.

Grindr Stock Performance

Shares of NYSE:GRND traded down $0.07 during trading on Thursday, hitting $13.75. 1,107,831 shares of the stock were exchanged, compared to its average volume of 2,006,571. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -37.15 and a beta of 0.22. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.82 and a current ratio of 0.82. Grindr Inc. has a 1-year low of $11.73 and a 1-year high of $25.13. The company’s fifty day simple moving average is $14.32 and its 200-day simple moving average is $18.29.

Grindr (NYSE:GRND) last issued its earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $115.77 million during the quarter, compared to analysts’ expectations of $113.53 million. Grindr had a positive return on equity of 80.21% and a negative net margin of 11.99%.Grindr’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Grindr has set its FY 2025 guidance at EPS. Sell-side analysts expect that Grindr Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GRND shares. JMP Securities lowered their target price on Grindr from $27.00 to $23.00 and set a “market outperform” rating for the company in a research note on Monday, August 11th. Wall Street Zen cut Grindr from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Raymond James Financial cut their target price on Grindr from $26.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Grindr in a research report on Wednesday, October 8th. Finally, Citizens Jmp lowered their target price on shares of Grindr from $23.00 to $21.00 and set a “market outperform” rating for the company in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GRND. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grindr during the third quarter worth $26,000. CWM LLC increased its holdings in Grindr by 838.5% during the 1st quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $34,000 after purchasing an additional 1,719 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Grindr by 1,473.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,479 shares of the company’s stock valued at $34,000 after purchasing an additional 1,385 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Grindr in the second quarter valued at about $39,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings 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 in the last quarter. Institutional investors own 7.22% of the company’s stock.

Grindr Company Profile

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.