Grindr (NYSE:GRND - Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02, Zacks reports. The business had revenue of $97.62 million for the quarter, compared to analyst estimates of $97.05 million. Grindr had a negative net margin of 16.27% and a negative return on equity of 177.83%.
Grindr Price Performance
NYSE GRND traded up $0.86 on Tuesday, reaching $16.10. 1,179,332 shares of the company's stock traded hands, compared to its average volume of 1,512,621. The stock has a market cap of $2.84 billion, a PE ratio of -46.09 and a beta of 0.30. Grindr has a 12 month low of $8.95 and a 12 month high of $19.20. The stock has a 50-day simple moving average of $17.65 and a 200 day simple moving average of $15.17.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on GRND shares. JMP Securities reaffirmed a "market outperform" rating and set a $21.00 price target on shares of Grindr in a research note on Thursday, February 6th. The Goldman Sachs Group started coverage on shares of Grindr in a report on Monday, December 16th. They set a "buy" rating and a $20.00 price objective on the stock. Raymond James restated an "outperform" rating on shares of Grindr in a research note on Thursday. Finally, Citigroup reiterated an "outperform" rating on shares of Grindr in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Grindr presently has a consensus rating of "Buy" and a consensus price target of $19.75.
View Our Latest Research Report on Grindr
Insider Buying and Selling at Grindr
In other Grindr news, insider Zachary Katz sold 3,058 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $16.40, for a total transaction of $50,151.20. Following the completion of the transaction, the insider now owns 580,606 shares in the company, valued at $9,521,938.40. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 7,115 shares of company stock valued at $121,757. Corporate insiders own 76.40% of the company's stock.
About Grindr
(
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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