Grindr (GRND) Stock Price, News & Analysis

Company Overview

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. Grindr Inc. was founded in 2009 and is headquartered in West Hollywood, California.

Key Stats

• Today's Range: $14.77 to $15.10
• 50-Day Range: $11.72 to $15.10
• 52-Week Range: $6.12 to $15.21
• Volume: 294,212 shs
• Average Volume: 551,784 shs
• Market Capitalization: $2.66 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $17.67
• Consensus Rating: Buy

Grindr Stock Analysis - MarketRank™

Grindr scored higher than 41% of companies evaluated by MarketBeat, and ranked 452nd out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Grindr has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Grindr has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 57.14%

Earnings Growth

Earnings for Grindr are expected to grow by 57.14% in the coming year, from $0.28 to $0.44 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Grindr is -43.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Grindr is -43.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.54% of the float of Grindr has been sold short.

Short Interest Ratio / Days to Cover

Grindr has a short interest ratio ("days to cover") of 9.4.

Change versus previous month

Short interest in Grindr has recently increased by 12.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Grindr does not currently pay a dividend.

Dividend Growth

Grindr does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.54% of the float of Grindr has been sold short.

Short Interest Ratio / Days to Cover

Grindr has a short interest ratio ("days to cover") of 9.4.

Change versus previous month

Short interest in Grindr has recently increased by 12.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.41

News Sentiment

Grindr has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Grindr this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for GRND on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added Grindr to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Grindr insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,195,896.00 in company stock.

Percentage Held by Insiders

76.40% of the stock of Grindr is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 7.22% of the stock of Grindr is held by institutions.

GRND Stock Analysis - Frequently Asked Questions

How have GRND shares performed this year?

Grindr's stock was trading at $8.78 at the beginning of the year. Since then, GRND shares have increased by 71.4% and is now trading at $15.05.
View the best growth stocks for 2024 here.

How were Grindr's earnings last quarter?

Grindr Inc. (NYSE:GRND) issued its quarterly earnings data on Thursday, May, 9th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The company earned $75.35 million during the quarter, compared to analyst estimates of $72.60 million. Grindr had a negative net margin of 16.27% and a negative trailing twelve-month return on equity of 177.83%.

Who are Grindr's major shareholders?

Top institutional shareholders of Grindr include State Street Corp (0.35%), Skye Global Management LP (0.34%), Geode Capital Management LLC (0.29%) and Charles Schwab Investment Management Inc. (0.11%). Insiders that own company stock include James Fu Bin Lu, George Raymond Zage III, Vandana Mehta-Krantz, Zachary Katz, Kye Chen and Nathan Richardson.
View institutional ownership trends.

How do I buy shares of Grindr?

Shares of GRND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Grindr own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Grindr investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Netflix (NFLX), Alphabet (GOOG), Advanced Micro Devices (AMD) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/10/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Computer programming, data processing, & other computer related
• Sub-Industry: N/A
• Current Symbol: NYSE:GRND
• CUSIP: N/A
• CIK: 1820144
• Web: www.grindr.com
• Phone: 310-776-6680
• Fax: N/A
• Employees: 112
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.67
• High Stock Price Target: $19.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +17.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.35)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 53.75
• P/E Growth: N/A
• Net Income: $-55,770,000.00
• Net Margins: -16.27%
• Pretax Margin: -11.71%
• Return on Equity: -177.83%
• Return on Assets: 9.57%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.46
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: $259.69 million
• Price / Sales: 10.24
• Cash Flow: $0.20 per share
• Price / Cash Flow: 76.48
• Book Value: ($0.08) per share
• Price / Book: -188.13

Miscellaneous

• Outstanding Shares: 176,610,000
• Free Float: 41,680,000
• Market Cap: $2.66 billion
• Optionable: Optionable
• Beta: 0.33