Zage Acquires 155,000 Shares of Grindr for $2.1 Million, Raising Ownership to 8.06 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: NASDAQ.COM
- Share Acquisition: On December 3 and 4, 2025, Zage acquired 155,000 shares of Grindr through multiple open-market purchases valued at approximately $2.1 million, raising his direct ownership to 8,063,283 shares, demonstrating confidence in the company's future prospects.
- Ownership Percentage Change: This transaction impacted Zage's total holdings, increasing his stake to 8.06%, indicating his ongoing commitment to Grindr despite previously withdrawing a bid to take the company private.
- Strong Financial Performance: Grindr's latest earnings report released on November 7 revealed that 2025 was the best financial year in the company's history, leading to an 11% stock price increase, which provided a positive market backdrop for Zage's acquisition decision.
- Investor Confidence: With a net worth exceeding $1 billion primarily from his investment in Grindr, Zage's advocacy for increased share buybacks or dividends could enhance overall shareholder returns, although smaller retail investors may not directly benefit from mirroring his investment moves.
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Analyst Views on GRND
Wall Street analysts forecast GRND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRND is 22.00 USD with a low forecast of 20.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.620
Low
20.00
Averages
22.00
High
26.00
Current: 11.620
Low
20.00
Averages
22.00
High
26.00
About GRND
Grindr Inc. manages and operates the Grindr platform, which a global social networking platform primarily serving and addressing the needs of gay, bisexual, and sexually explorative adults. The Company is developing new products for users to engage with the Grindr platform, which include new partnership-based digital versions of services typically found in physical gayborhoods. Its platform enables GBTQ adults to connect with one another. Its platform helps its users find what they are looking for: casual dating, long-term relationships, community and friendships, professional networking, travel information and local discovery. The Grindr platform offers a variety of location-based social features and functions, including identity expression (profile, photos, presence); connection (search, filters, the Cascade, Viewed Me); and interaction (chat, media sharing); with trust and safety tools across the experience, and subscriptions for premium features offering further access and control.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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