Grindr (GRND) to Release Quarterly Earnings on Thursday

Grindr (NYSE:GRND - Get Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Grindr (NYSE:GRND - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $77.40 million. On average, analysts expect Grindr to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grindr Stock Down 1.7 %

Shares of GRND stock traded down $0.23 on Thursday, reaching $13.38. The company's stock had a trading volume of 306,031 shares, compared to its average volume of 518,797. Grindr has a 12-month low of $5.71 and a 12-month high of $13.90. The stock's 50 day simple moving average is $12.35 and its 200-day simple moving average is $11.23. The company has a market capitalization of $2.35 billion, a P/E ratio of -30.41 and a beta of 0.35.

Insider Buying and Selling

In other Grindr news, CAO Kye Chen sold 16,187 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.68, for a total value of $189,064.16. Following the transaction, the chief accounting officer now owns 138,604 shares in the company, valued at approximately $1,618,894.72. 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 can be accessed through the SEC website. Insiders have sold a total of 27,115 shares of company stock valued at $318,994 over the last three months. 76.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Grindr in a research note on Monday, July 15th.

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.