Grindr Inc’s recently made public that its Director 28th Street Ventures LLC acquired Company’s shares for reported $0.55 million on Feb 10 ’25. In the deal valued at $6.50 per share,84,964 shares were bought.
Then, 28th Street Ventures LLC bought 144,000 shares, generating $936,000 in total proceeds.
Before that, 28th Street Ventures LLC (J. M bought 439,459 shares. Grindr Inc shares valued at $2,856,000 were divested by the Director at a price of $6.50 per share.
Goldman initiated its Grindr Inc [GRND] rating to a Buy in a research note published on December 16, 2024; the price target was $20. A number of analysts have revised their coverage, including Raymond James’s analysts, who remained covering the stock and in late June has reiterated a ‘”an Outperform”‘ rating for it. JMP Securities also remained covering GRND and reiterated its “Mkt outperform” recommendation on June 27, 2024. Raymond James started covering the stock on April 04, 2024. It rated GRND as “an Outperform”.
Price Performance Review of GRND
On Monday, Grindr Inc [NYSE:GRND] saw its stock fall -0.94% to $17.96. Over the last five days, the stock has lost -0.61%. Grindr Inc shares have risen nearly 0.67% since the year began. Nevertheless, the stocks have risen 117.70% over the past one year. While a 52-week high of $18.42 was reached on 01/24/25, a 52-week low of $7.93 was recorded on 01/13/25. SMA at 50 days reached $16.96, while 200 days put it at $13.00.
Levels Of Support And Resistance For GRND Stock
The 24-hour chart illustrates a support level at 17.83, which if violated will result in even more drops to 17.70. On the upside, there is a resistance level at 18.15. A further resistance level may holdings at 18.34. The Relative Strength Index (RSI) on the 14-day chart is 58.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.50%. Stochastics %K at 85.50% indicates the stock is a selling.
How much short interest is there in Grindr Inc?
A steep rise in short interest was recorded in Grindr Inc stocks on 2025-01-15, growing by 2.0 million shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.11 million shares. There was a rise of 28.18%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 02, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $14 price target.
