Barclays PLC raised its holdings in Grindr Inc. (NYSE:GRND - Free Report) by 106.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 72,580 shares of the company's stock after acquiring an additional 37,477 shares during the period. Barclays PLC's holdings in Grindr were worth $865,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of Grindr by 9.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,682 shares of the company's stock worth $163,000 after buying an additional 1,166 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Grindr by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 23,632 shares of the company's stock worth $286,000 after purchasing an additional 2,050 shares during the period. nVerses Capital LLC acquired a new position in shares of Grindr during the 3rd quarter valued at $27,000. Bleakley Financial Group LLC boosted its position in shares of Grindr by 9.6% in the third quarter. Bleakley Financial Group LLC now owns 27,188 shares of the company's stock worth $324,000 after buying an additional 2,371 shares during the period. Finally, SG Americas Securities LLC grew its position in Grindr by 10.5% in the third quarter. SG Americas Securities LLC now owns 64,816 shares of the company's stock valued at $773,000 after acquiring an additional 6,168 shares in the last quarter. Hedge funds and other institutional investors own 7.22% of the company's stock.
Grindr Stock Performance
Shares of Grindr stock traded down $0.03 during trading on Thursday, hitting $16.89. 370,863 shares of the stock were exchanged, compared to its average volume of 847,461. Grindr Inc. has a 12 month low of $7.93 and a 12 month high of $18.42. The stock has a market cap of $2.98 billion, a PE ratio of -48.29 and a beta of 0.31. The stock's fifty day moving average is $16.14 and its 200 day moving average is $13.55.
Analyst Ratings Changes
Several analysts have recently weighed in on GRND shares. JMP Securities restated a "market outperform" rating and set a $21.00 target price on shares of Grindr in a research note on Monday, December 16th. TD Cowen upped their target price on shares of Grindr from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group started coverage on Grindr in a research note on Monday, December 16th. They issued a "buy" rating and a $20.00 price target for the company. Finally, Raymond James upped their price target on Grindr from $16.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.
Check Out Our Latest Stock Report on GRND
Insider Buying and Selling
In other news, CFO Vandana Mehta-Krantz sold 60,776 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.29, for a total value of $868,489.04. Following the sale, the chief financial officer now owns 722,126 shares of the company's stock, valued at approximately $10,319,180.54. The trade was a 7.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Zachary Katz sold 3,058 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $16.40, for a total value of $50,151.20. Following the transaction, the insider now directly owns 580,606 shares of the company's stock, valued at $9,521,938.40. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,398,000 shares of company stock valued at $36,286,952 in the last three months. 76.40% of the stock is currently owned by corporate insiders.
About Grindr
(
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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