In yesterday’s Wall Street session, Grindr Inc (NYSE:GRND) shares traded at $6.76, down -0.88% from the previous session.
GRND stock price is now 13.20% away from the 50-day moving average and 13.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.18B.
In other news, Zage George Raymond III, Director sold 663,480 shares of the company’s stock on Sep 15. The stock was sold for $417,992 at an average price of $0.63. Upon completion of the transaction, the Director now directly owns 72,278,806 shares in the company, valued at $488.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, Director Zage George Raymond III bought 35,000 shares of the business’s stock. A total of $182,350 was incurred on buying the stock at an average price of $5.21. This leaves the insider owning 5,560,000 shares of the company worth $37.59 million. Insiders disposed of 700,866 shares of company stock worth roughly $4.74 million over the past 1 year. A total of 96.69% of the company’s stock is owned by insiders.
Wednesday morning saw Grindr Inc (NYSE: GRND) opened at $6.80. During the past 12 months, Grindr Inc has had a low of $4.49 and a high of $25.88. As of last week, the company has a debt-to-equity ratio of 14.39, a current ratio of 1.02, and a quick ratio of 1.02. The fifty day moving average price for GRND is $5.97 and a two-hundred day moving average price translates $5.96 for the stock.
The latest earnings results from Grindr Inc (NYSE: GRND) was released for Sep, 2023. The net profit margin was -2.40% and return on equity was -4.41% for GRND. The company reported revenue of $70.26 million for the quarter, compared to $50.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.4 percent.
Grindr Inc(GRND) Company Profile
Grindr Inc. operates social network platform for the LGBTQ community. Its platform enables gay, bisexual, transgender, and queer people to find and engage with each other, share content and experiences, and express themselves. It offers ad-supported service and a premium subscription version; and manages Blendr, a dating service application. Grindr Inc. was founded in 2009 and is headquartered in West Hollywood, California.
