James Fu Bin Lu Sells 11,270 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRNDGet Free Report) Director James Fu Bin Lu sold 11,270 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $10.00, for a total transaction of $112,700.00. Following the completion of the transaction, the director now directly owns 11,562 shares in the company, valued at $115,620. The transaction was disclosed in a document filed with the SEC, which is available through this link.

James Fu Bin Lu also recently made the following trade(s):

  • On Wednesday, May 15th, James Fu Bin Lu sold 1,000,000 shares of Grindr stock. The stock was sold at an average price of $10.00, for a total value of $10,000,000.00.

Grindr Trading Down 2.1 %

Shares of NYSE GRND traded down $0.21 during mid-day trading on Wednesday, reaching $10.06. 419,055 shares of the company’s stock were exchanged, compared to its average volume of 410,826. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -55.86 and a beta of 0.30. Grindr Inc. has a 52-week low of $4.49 and a 52-week high of $11.13. The company’s 50-day moving average is $10.08 and its 200-day moving average is $8.65. The company has a debt-to-equity ratio of 13.21, a quick ratio of 1.18 and a current ratio of 1.09.

Grindr (NYSE:GRNDGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $75.35 million for the quarter, compared to the consensus estimate of $72.60 million. Grindr had a negative net margin of 11.56% and a positive return on equity of 3,761.31%. During the same period in the previous year, the firm earned ($0.19) EPS.

Institutional Investors Weigh In On Grindr

A number of institutional investors have recently modified their holdings of GRND. Alta Fox Capital Management LLC acquired a new position in shares of Grindr in the third quarter valued at approximately $1,162,000. New York State Common Retirement Fund grew its stake in shares of Grindr by 11.7% in the fourth quarter. New York State Common Retirement Fund now owns 19,365 shares of the company’s stock worth $170,000 after acquiring an additional 2,030 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Grindr during the fourth quarter worth $617,000. Park West Asset Management LLC acquired a new stake in shares of Grindr in the fourth quarter valued at $1,652,000. Finally, GSA Capital Partners LLP purchased a new position in Grindr in the first quarter valued at $545,000. 7.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on GRND. TD Cowen started coverage on Grindr in a research note on Thursday, March 28th. They issued a “buy” rating and a $12.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $14.00 price objective on shares of Grindr in a research report on Monday, April 22nd. Finally, Raymond James assumed coverage on shares of Grindr in a report on Thursday, April 4th. They issued an “outperform” rating and a $14.00 target price on the stock.

Check Out Our Latest Stock Analysis on GRND

Grindr Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Grindr (NYSE:GRND)

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