Grindr Inc. (NYSE:GRND) Director Sells $16,340.00 in Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $16.34, for a total transaction of $16,340.00. Following the completion of the transaction, the director now directly owns 17,642 shares in the company, valued at $288,270.28. This represents a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nathan Richardson also recently made the following trade(s):

• On Tuesday, January 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The stock was sold at an average price of $16.58, for a total transaction of $16,580.00.

Grindr Trading Up 3.3 %

GRND opened at $16.94 on Monday. Grindr Inc. has a 12-month low of $8.95 and a 12-month high of $19.20. The firm has a market capitalization of $3.53 billion, a PE ratio of -48.40 and a beta of 0.30. The firm has a 50 day moving average of $17.54 and a two-hundred day moving average of $15.30.

Hedge Funds Weigh In On Grindr

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Grindr by 31.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company’s stock worth $47,000 after acquiring an additional 642 shares in the last quarter. Quarry LP increased its holdings in Grindr by 209.2% in the 4th quarter. Quarry LP now owns 3,423 shares of the company’s stock worth $61,000 after acquiring an additional 2,316 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Grindr by 511.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,638 shares of the company’s stock worth $83,000 after acquiring an additional 3,880 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Grindr during the 4th quarter worth $89,000. Finally, R Squared Ltd acquired a new stake in Grindr during the 4th quarter worth $101,000. 7.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GRND shares. Raymond James reiterated an “outperform” rating on shares of Grindr in a report on Thursday, March 6th. Citigroup reiterated an “outperform” rating on shares of Grindr in a report on Thursday, March 6th. JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Grindr in a report on Thursday, February 6th. Finally, The Goldman Sachs Group started coverage on shares of Grindr in a report on Monday, December 16th. They set a “buy” rating and a $20.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $19.75.

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.