10,062 Shares in Grindr Inc. $GRND Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new position in shares of Grindr Inc. (NYSE:GRND) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,062 shares of the company’s stock, valued at approximately $228,000.

A number of other large investors have also bought and sold shares of GRND. Nuveen LLC bought a new position in Grindr in the 1st quarter worth approximately $20,049,000. Adage Capital Partners GP L.L.C. acquired a new position in Grindr during the 1st quarter worth $14,320,000. Bwcp LP lifted its holdings in Grindr by 61.8% during the 1st quarter. Bwcp LP now owns 1,096,586 shares of the company’s stock worth $19,629,000 after buying an additional 418,994 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Grindr by 23.5% during the 1st quarter. Vanguard Group Inc. now owns 1,714,514 shares of the company’s stock worth $30,690,000 after buying an additional 325,996 shares in the last quarter. Finally, Forge First Asset Management Inc. acquired a new position in Grindr during the 1st quarter worth $3,932,000. 7.22% of the stock is currently owned by institutional investors.

Insider Transactions at Grindr

In other news, CFO Vandana Mehta-Krantz sold 43,565 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $16.89, for a total transaction of $735,812.85. Following the completion of the transaction, the chief financial officer directly owned 688,047 shares in the company, valued at $11,621,113.83. This represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Zachary Katz sold 14,693 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $19.25, for a total transaction of $282,840.25. Following the transaction, the insider owned 595,112 shares of the company’s stock, valued at approximately $11,455,906. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,902 shares of company stock valued at $1,213,185. Corporate insiders own 67.70% of the company’s stock.

Grindr Price Performance

GRND opened at $13.16 on Thursday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.43. Grindr Inc. has a 12 month low of $12.23 and a 12 month high of $25.13. The company has a fifty day simple moving average of $15.85 and a 200 day simple moving average of $19.41. The stock has a market cap of $2.53 billion, a P/E ratio of -29.91 and a beta of 0.23.

Grindr (NYSE:GRND) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $104.00 million during the quarter, compared to the consensus estimate of $104.40 million. Grindr had a negative net margin of 14.41% and a positive return on equity of 84.93%. Grindr’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. On average, research analysts expect that Grindr Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GRND. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grindr in a report on Wednesday. JMP Securities reduced their price objective on Grindr from $27.00 to $23.00 and set a “market outperform” rating on the stock in a report on Monday, August 11th. Wall Street Zen raised shares of Grindr from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Raymond James Financial dropped their target price on shares of Grindr from $26.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Citizens Jmp started coverage on shares of Grindr in a research report on Monday, June 30th. They set an “outperform” rating and a $27.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.60.

Grindr 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.