Grindr Inc (NYSE: GRND) is 21.47% higher on its value in year-to-date trading and has touched a low of $8.95 and a high of $21.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GRND stock was last observed hovering at around $21.45 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $21.67, the stock is 13.89% and 19.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 1.03% at the moment leaves the stock 43.11% off its SMA200. GRND registered 126.67% gain for a year compared to 6-month gain of 63.92%. The firm has a 50-day simple moving average (SMA 50) of $18.0986 and a 200-day simple moving average (SMA200) of $15.14205.
The stock witnessed a 22.22% loss in the last 1 month and extending the period to 3 months gives it a 20.39%, and is 8.62% 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 2.82% over the week and 4.59% over the month.
Grindr Inc (GRND) has around 147 employees, a market worth around $4.51B and $344.64M in sales. Fwd P/E is 38.93. Profit margin for the company is -38.01%. Distance from 52-week low is 142.12% and 0.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.36%).
with sales reaching $95.94M over the same period.The EPS is expected to grow by 151.35% this year, but quarterly earnings will post 24.37% year-over-year. Quarterly sales are estimated to grow 27.34% in year-over-year returns.
Grindr Inc (GRND) Top Institutional Holders
208.0 institutions hold shares in Grindr Inc (GRND), with institutional investors hold 65.91% of the company’s shares. The shares outstanding are 177.19M, and float is at 46.88M with Short Float at 12.42%. Institutions hold 14.42% of the Float.
The top institutional shareholder in the company is CITADEL ADVISORS LLC with over 2.44 million shares valued at $29.89 million. The investor’s holdings represent 1.3903% of the GRND Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.69 million shares valued at $20.69 million to account for 0.9621 of the shares outstanding. The other top investors are SYCALE ADVISORS (NY) LLC which holds 1.22 million shares representing 0.6958% and valued at over $14.96 million, while WETHERBY ASSET MANAGEMENT INC holds 0.674 of the shares totaling 1.18 million with a market value of $14.49 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 Apr 14 ’25 at a price of $18.40 per share for a total of $18400.0. Following the sale, the insider now owns 16642.0 shares.
Grindr Inc disclosed in a document filed with the SEC on Mar 14 ’25 that Richardson Nathan (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Mar 14 ’25 and was made at $16.34 per share for $16340.0. Following the transaction, the insider now directly holds 17642.0 shares of the GRND stock.
Still, SEC filings show that on Mar 11 ’25, Katz Zachary (GC and Head of Global Affairs) disposed off 3,058 shares at an average price of $16.23 for $49617.0. The insider now directly holds 613,800 shares of Grindr Inc (GRND).
