Grindr Inc. (NYSE:GRND – Get Free Report) Director Nathan Richardson sold 1,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.68, for a total transaction of $12,680.00. Following the transaction, the director now owns 32,642 shares in the company, valued at $413,900.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Grindr Trading Up 0.2 %
Shares of GRND opened at $12.82 on Thursday. The company’s fifty day moving average is $12.06 and its two-hundred day moving average is $11.04. Grindr Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $13.25.
Grindr (NYSE:GRND – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Grindr had a negative net margin of 25.67% and a negative return on equity of 234.28%. The firm had revenue of $82.35 million for the quarter, compared to analyst estimates of $77.40 million. As a group, equities analysts forecast that Grindr Inc. will post 0.25 EPS for the current fiscal year.
Institutional Investors Weigh In On Grindr
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. TD Cowen upped their price target on Grindr from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Grindr in a research note on Monday, July 15th. Finally, Raymond James increased their price objective on shares of Grindr from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th.
Check Out Our Latest Stock Analysis on GRND
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.
Read More
- Five stocks we like better than Grindr
- Where to Find Earnings Call Transcripts
- Broadcom’s Targeted Upside Just Keeps Getting Better
- Golden Cross Stocks: Pattern, Examples and Charts
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- Stock Average Calculator
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
Receive News & Ratings for Grindr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grindr and related companies with MarketBeat.com's FREE daily email newsletter.