1 week Ago By Defense World Staff
Norges Bank bought a new stake in shares of Grindr Inc. (NYSE:GRND – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 338,290 shares of the company’s stock, valued at approximately $6,035,000.
Norges Bank owned about 0.19% of Grindr at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company.
KLP Kapitalforvaltning AS bought a new position in shares of Grindr in the fourth quarter worth about $89,000. R Squared Ltd bought a new position in shares of Grindr during the 4th quarter valued at approximately $101,000. Blueshift Asset Management LLC purchased a new stake in Grindr in the 4th quarter worth about $195,000.
Y Intercept Hong Kong Ltd bought a new stake in shares of Grindr during the fourth quarter worth $201,000. Finally, Teacher Retirement System of Texas purchased a new stake in Grindr in the 4th quarter valued at about $214,000. 7.
22% of the stock is owned by institutional investors. Grindr Trading Up 5.6 %Grindr stock opened at $17.
87 on Thursday. The stock’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $16.
03. Grindr Inc. has a 12 month low of $8.
95 and a 12 month high of $19.20. The firm has a market cap of $3.
72 billion, a PE ratio of -51.04 and a beta of 0.31.
Insider Activity at GrindrIn related news, insider Zachary Katz sold 3,057 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $18.00, for a total transaction of $55,026.
00. Following the completion of the transaction, the insider now owns 577,549 shares in the company, valued at $10,395,882. This represents a 0.
53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 11,173 shares of company stock worth $187,729.
76.40% of the stock is owned by company insiders. Analysts Set New Price TargetsSeveral equities analysts have recently commented on GRND shares.
Citigroup restated an “outperform” rating on shares of Grindr in a research note on Thursday, March 6th. JMP Securities reissued a “market outperform” rating and issued a $21.00 price objective on shares of Grindr in a research report on Thursday, February 6th.
Raymond James reaffirmed an “outperform” rating and set a $22.00 target price on shares of Grindr in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group began coverage on Grindr in a report on Monday, December 16th.
They issued a “buy” rating and a $20.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Grindr has an average rating of “Buy” and an average price target of $20.
00.View Our Latest Stock Analysis on GrindrGrindr Profile (Free Report)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.
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