Grindr (NYSE:GRND) Shares Up 7.5% – Still a Buy?

Posted by Francis Steltz on Jul 28th, 2026

Grindr Inc. (NYSE:GRND – Get Free Report)’s stock price rose 7.5% during trading on Tuesday . The company traded as high as $16.56 and last traded at $16.6350. Approximately 533,339 shares changed hands during trading, a decline of 66% from the average daily volume of 1,561,683 shares. The stock had previously closed at $15.48.

Analyst Ratings Changes

GRND has been the subject of a number of analyst reports. Morgan Stanley raised Grindr from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $15.00 to $18.00 in a report on Wednesday, July 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Grindr in a research note on Friday, May 8th. TD Cowen reiterated a “buy” rating on shares of Grindr in a research report on Monday, June 1st. Weiss Ratings raised shares of Grindr from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of Grindr from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.20.

Read Our Latest Stock Analysis on Grindr

Grindr Stock Performance

The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 34.35 and a beta of 0.22. The company has a debt-to-equity ratio of 442.30, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50-day moving average is $13.75 and its 200-day moving average is $12.76.

Grindr (NYSE:GRND – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. Grindr had a return on equity of 123.31% and a net margin of 19.85%.The company had revenue of $129.94 million during the quarter, compared to the consensus estimate of $119.42 million. Analysts anticipate that Grindr Inc. will post 0.59 EPS for the current fiscal year.

Insider Activity at Grindr

In related news, insider Zachary Katz sold 12,800 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $16.28, for a total value of $208,384.00. Following the completion of the transaction, the insider directly owned 713,323 shares in the company, valued at approximately $11,612,898.44. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 35,771 shares of company stock valued at $531,075 over the last ninety days. 60.90% of the stock is owned by insiders.

Institutional Trading of Grindr

A number of hedge funds have recently added to or reduced their stakes in GRND. Norges Bank purchased a new stake in Grindr in the 4th quarter valued at about $27,441,000. Quinn Opportunity Partners LLC purchased a new position in shares of Grindr during the 4th quarter worth about $20,565,000. Blacksheep Fund Management Ltd purchased a new position in shares of Grindr during the 4th quarter worth about $16,804,000. Balyasny Asset Management L.P. boosted its position in shares of Grindr by 442.6% in the third quarter. Balyasny Asset Management L.P. now owns 942,017 shares of the company’s stock worth $14,149,000 after acquiring an additional 1,217,017 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Grindr in the fourth quarter valued at approximately $15,631,000. 7.22% of the stock is owned by institutional investors and hedge funds.

Grindr Company Profile

(Get Free Report)

Grindr, trading on the NYSE under the ticker symbol GRND, operates a global social networking and dating platform designed primarily for gay, bisexual, transgender and queer (GBTQ) individuals. The company’s core offering is a location-based mobile application that enables users to connect, chat and share content with others in their vicinity. Through its free tier and premium subscription services—known as Grindr XTRA and Grindr Unlimited—Grindr provides enhanced features such as ad-free browsing, advanced filters and unlimited profile views, catering to a broad spectrum of user needs.

Originally launched in 2009 by entrepreneur Joel Simkhai, Grindr was one of the first mobile apps to leverage geolocation technology for social networking.