Grindr Inc. (NYSE:GRND – Get Free Report) Director Nathan Richardson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $12.68, for a total value of $12,680.00. Following the completion of the sale, the director now directly owns 32,642 shares of the company’s stock, valued at $413,900.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Grindr Stock Performance
Shares of NYSE GRND opened at $12.44 on Friday. The business’s 50 day moving average price is $12.11 and its 200-day moving average price is $11.06. Grindr Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $13.25. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -28.27 and a beta of 0.35.
Grindr (NYSE:GRND – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $82.35 million during the quarter, compared to the consensus estimate of $77.40 million. Grindr had a negative return on equity of 234.28% and a negative net margin of 25.67%. Sell-side analysts predict that Grindr Inc. will post 0.25 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Research Report on GRND
Institutional Investors Weigh In On Grindr
Large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its stake in Grindr by 124.0% in the second quarter. Marshall Wace LLP now owns 627,879 shares of the company’s stock worth $7,685,000 after purchasing an additional 347,626 shares in the last quarter. Federated Hermes Inc. bought a new stake in Grindr during the 2nd quarter valued at $3,640,000. Discovery Capital Management LLC CT purchased a new stake in shares of Grindr in the 2nd quarter worth $3,179,000. Yarra Square Partners LP bought a new position in shares of Grindr during the 2nd quarter worth $3,005,000. Finally, Squarepoint Ops LLC increased its stake in shares of Grindr by 264.4% during the second quarter. Squarepoint Ops LLC now owns 260,814 shares of the company’s stock valued at $3,192,000 after buying an additional 189,237 shares during the period. 7.22% of the stock is owned by hedge funds and other institutional investors.
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.
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