Grindr Inc (NYSE: GRND) is -0.17% lower on its value in year-to-date trading and has touched a low of $7.93 and a high of $18.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRND stock was last observed hovering at around $18.08 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $17.81, the stock is 2.45% and 9.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -1.49% at the moment leaves the stock 41.27% off its SMA200. GRND registered 105.90% gain for a year compared to 6-month gain of 54.60%. The firm has a 50-day simple moving average (SMA 50) of $16.2466 and a 200-day simple moving average (SMA200) of $12.5719.
The stock witnessed a 0.51% loss in the last 1 month and extending the period to 3 months gives it a 35.33%, and is 4.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.13% over the week and 3.28% over the month.
Grindr Inc (GRND) has around 112 employees, a market worth around $3.15B and $319.10M in sales. Fwd P/E is 41.42. Profit margin for the company is -16.27%. Distance from 52-week low is 124.59% and -3.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.46%).
with sales reaching $97.05M over the same period.The EPS is expected to grow by 114.58% this year, but quarterly earnings will post 32.50% year-over-year.
Grindr Inc (GRND) Top Institutional Holders
175.0 institutions hold shares in Grindr Inc (GRND), with institutional investors hold 79.33% of the company’s shares. The shares outstanding are 176.19M, and float is at 27.99M with Short Float at 24.38%. Institutions hold 13.24% of the Float.
The top institutional shareholder in the company is SYCALE ADVISORS (NY) LLC with over 1.22 million shares valued at $14.96 million. The investor’s holdings represent 0.6958% of the GRND Shares outstanding. As of 2024-06-30, the second largest holder is WETHERBY ASSET MANAGEMENT INC with 1.18 million shares valued at $14.49 million to account for 0.674 of the shares outstanding. The other top investors are COWBIRD CAPITAL LP which holds 0.95 million shares representing 0.5418% and valued at over $11.65 million, while MARSHALL WACE, LLP holds 0.3574 of the shares totaling 0.63 million with a market value of $7.69 million.
Grindr Inc (GRND) Insider Activity
The most recent transaction is an insider sale by Richardson Nathan, the company’s Director. SEC filings show that Richardson Nathan sold 1,000 shares of the company’s common stock on Jan 14 ’25 at a price of $16.58 per share for a total of $16580.0. Following the sale, the insider now owns 19642.0 shares.
Grindr Inc disclosed in a document filed with the SEC on Jan 13 ’25 that Katz Zachary (GC and Head of Global Affairs) sold a total of 3,058 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $16.40 per share for $50151.0. Following the transaction, the insider now directly holds 0.58 million shares of the GRND stock.
Still, SEC filings show that on May 14 ’24, Lu James Fu Bin (Director) Proposed Sale 7,417 shares at an average price of $10.25 for $76024.0. The insider now directly holds shares of Grindr Inc (GRND).
