Grindr (GRND) Scheduled to Post Earnings on Thursday

Grindr (NYSE:GRND) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Grindr (NYSE:GRND) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $82.35 million for the quarter, compared to analysts’ expectations of $77.40 million. Grindr had a negative net margin of 25.67% and a negative return on equity of 234.28%. On average, analysts expect Grindr to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grindr Stock Up 3.6 %

Shares of NYSE GRND opened at $13.93 on Wednesday. The company’s fifty day moving average is $12.39 and its 200-day moving average is $11.30. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -31.66 and a beta of 0.33. Grindr has a twelve month low of $5.71 and a twelve month high of $13.99.

Insider Buying and Selling

In related news, CAO Kye Chen sold 16,187 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.68, for a total transaction of $189,064.16. Following the completion of the transaction, the chief accounting officer now directly owns 138,604 shares in the company, valued at approximately $1,618,894.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 27,115 shares of company stock valued at $318,994. Company insiders own 76.40% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Grindr in a research report on Monday, July 15th.

About Grindr

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.