Grindr Inc (NYSE: GRND) is 81.13% higher on its value in year-to-date trading and has touched a low of $10.26 and a high of $25.13 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 $21.85 in the last trading session, with the day’s gains setting it 1889978.15%.
Currently trading at $1890000.0, the stock is -2.45% and -3.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing 1.46% at the moment leaves the stock 25.36% off its SMA200. GRND registered 24.27% gain for a year compared to 6-month gain of 23.72%. The firm has a 50-day simple moving average (SMA 50) of $23.004 and a 200-day simple moving average (SMA200) of $17.6846.
The stock witnessed a -10.35% loss in the last 1 month and extending the period to 3 months gives it a 19.84%, and is 0.59% 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 3.03% over the week and 3.19% over the month.
Grindr Inc (GRND) has around 147 employees, a market worth around $4.35B and $363.23M in sales. Fwd P/E is 38.22. Profit margin for the company is -26.04%. Distance from 52-week low is 116.08% and -11.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.96%).
The EPS is expected to grow by 162.50% this year
213.0 institutions hold shares in Grindr Inc (GRND), with institutional investors hold 92.84% of the company’s shares. The shares outstanding are 200.24M, and float is at 41.73M with Short Float at 13.85%. Institutions hold 17.50% 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 Mehta-Krantz Vandana, the company’s Chief Financial Officer. SEC filings show that Mehta-Krantz Vandana sold 20,982 shares of the company’s common stock on Jun 23 ’25 at a price of $22.18 per share for a total of $0.47 million. Following the sale, the insider now owns 0.73 million shares.
Grindr Inc disclosed in a document filed with the SEC on Jun 16 ’25 that Richardson Nathan (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Jun 16 ’25 and was made at $23.45 per share for $23450.0. Following the transaction, the insider now directly holds 15126.0 shares of the GRND stock.
Still, SEC filings show that on Jun 16 ’25, Mehta-Krantz Vandana (Chief Financial Officer) disposed off 56,611 shares at an average price of $23.47 for $1.33 million. The insider now directly holds 752,594 shares of Grindr Inc (GRND).
