<div id="readability-page-1"><p><span>Grindr (NYSE:GRND - Get Free Report)</span> had its target price lowered by analysts at Raymond James Financial  from $26.00 to $20.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an &#34;outperform&#34; rating on the stock. Raymond James Financial's price objective would indicate a potential upside of 24.18% from the company's current price.</p><p>Several other research firms have also recently issued reports on GRND. Wall Street Zen upgraded Grindr from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a report on Thursday, May 22nd. Citizens Jmp assumed coverage on Grindr in a report on Monday, June 30th. They set an &#34;outperform&#34; rating and a $27.00 price target on the stock. The Goldman Sachs Group lifted their target price on Grindr from $20.00 to $26.00 and gave the stock a &#34;buy&#34; rating in a report on Monday, May 12th. Finally, JMP Securities increased their price target on Grindr from $24.00 to $27.00 and gave the company a &#34;market outperform&#34; rating in a report on Monday, June 30th. Five investment analysts have rated the stock with a buy rating and one  has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of &#34;Buy&#34; and a consensus target price of $23.40.</p><p><b>Read Our Latest Report on Grindr</b></p><h2>Grindr Stock Down 10.0%</h2><p>GRND stock traded down $1.78 during trading on Friday, reaching $16.11. 2,872,306 shares of the company traded hands, compared to its average volume of 1,768,507. Grindr has a 12 month low of $11.01 and a 12 month high of $25.13. The business has a 50 day simple moving average of $21.32 and a 200 day simple moving average of $20.03. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -24.72 and a beta of 0.25. </p><p>Grindr (NYSE:GRND - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $104.00 million for the quarter, compared to analysts' expectations of $104.40 million. Grindr had a positive return on equity of 219.47% and a negative net margin of 26.04%. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.13) earnings per share.  On average, equities research analysts anticipate that  Grindr will post 0.29 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Grindr</h2><p>In related news, Director James Fu Bin Lu sold 852,567 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $23.93, for a total value of $20,401,928.31. Following the sale, the director directly owned 26,588,867 shares of the company's stock, valued at approximately $636,271,587.31. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, Director J Michael Gearon, Jr. sold 500,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $23.71, for a total value of $11,855,000.00. Following the sale, the director owned 6,619,727 shares in the company, valued at $156,953,727.17. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,641,251 shares of company stock valued at $110,831,024 over the last three months. 67.70% of the stock is currently owned by insiders. </p><h2>Hedge Funds Weigh In On Grindr</h2><p>Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its stake in shares of  Grindr by 2.8% in the 1st quarter. XTX Topco Ltd now owns 17,036 shares of the company's stock valued at $305,000 after purchasing an additional 459 shares during the last quarter.  CWM LLC raised its holdings in shares of  Grindr by 28.7% in the second quarter. CWM LLC now owns 2,476 shares of the company's stock valued at $56,000 after purchasing an additional 552 shares during the last quarter.  Russell Investments Group Ltd. lifted its position in shares of  Grindr by 31.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company's stock valued at $47,000 after buying an additional 642 shares during the last quarter.  GAMMA Investing LLC increased its position in shares of  Grindr by 45.5% in the first quarter. GAMMA Investing LLC now owns 2,116 shares of the company's stock worth $38,000 after purchasing an additional 662 shares during the last quarter.  Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of  Grindr by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,878 shares of the company's stock valued at $517,000 after buying an additional 762 shares during the last quarter. Institutional investors own  7.22% of the company's stock. </p><h2>Grindr Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Grindr</li><li>3 Monster Growth Stocks to Buy Now</li><li>Is Eli Lilly’s 14% Post-Earnings Slide a Buy-the-Dip Opportunity?</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>Tesla Is Balanced on a Knife Edge: Time to Tread Carefully</li><li>How to Use Stock Screeners to Find Stocks</li><li>Why Axon's 16% Surge Signals a New Era in Public Safety Tech</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdSTkQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdSTkQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Grindr Right Now?</h2><p>Before you consider Grindr, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grindr wasn't on the list.</p><p>While Grindr currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GRND

<p>Raymond James Financial has lowered Grindr's target price from $26.00 to $20.00 while maintaining an "outperform" rating. This new target suggests a potential upside of 24.18% from the current price. Other firms have also issued ratings, with a consensus target price of $23.40. Grindr's stock recently fell 10% to $16.11, with a market cap of $3.15 billion. The company reported a quarterly EPS of $0.08, missing estimates, and has seen insider selling totaling over $110 million in the last three months.</p>

Grindr (NYSE:GRND) Price Target Cut to $20.00 by Analysts at Raymond James Financial