At the time of writing, Grindr Inc [GRND] stock is trading at $17.73, down -0.95%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GRND shares have gain 2.25% over the last week, with a monthly amount drifted -1.55%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Grindr Inc [NYSE: GRND] stock has seen the most recent analyst activity on December 16, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $20. Previously, Raymond James reaffirmed its Outperform rating on June 27, 2024, and elevated its price target to $15. On June 27, 2024, JMP Securities reiterated its Mkt Outperform rating and revised its price target to $17 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $14 on April 04, 2024. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $14 as its price target on April 02, 2024. TD Cowen started tracking with a Buy rating for this stock on March 28, 2024, and assigned it a price target of $12.
For the past year, the stock price of Grindr Inc fluctuated between $8.95 and $19.20. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Grindr Inc [NYSE: GRND] shares were valued at $17.73 at the most recent close of the market. An investor can expect a potential return of 24.08% based on the average GRND price forecast.
Analyzing the GRND fundamentals
According to Grindr Inc [NYSE:GRND], the company’s sales were 344.64M for trailing twelve months, which represents an 35.42% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is 2.51 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.41 points at the first support level, and at 17.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.06, and for the 2nd resistance point, it is at 18.38.
Ratios To Look Out For
It is important to note that Grindr Inc [NYSE:GRND] has a current ratio of 1.67. Further, the Quick Ratio stands at 1.67, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 10.71.
Transactions by insiders
Recent insider trading involved Richardson Nathan, Director, that happened on Mar 14 ’25 when 1000.0 shares were sold. GC and Head of Global Affairs, Katz Zachary completed a deal on Mar 11 ’25 to sell 3058.0 shares. Meanwhile, Chief Product Officer Balance Austin J sold 26305.0 shares on Mar 03 ’25.
