Grindr Inc’s recent filing unveils that its Chief Product Officer Balance Austin J unloaded Company’s shares for reported $0.49 million on Mar 03 ’25. In the deal valued at $18.68 per share,26,305 shares were sold. As a result of this transaction, Balance Austin J now holds 640,645 shares worth roughly $9.76 million.
Then, Richardson Nathan sold 1,000 shares, generating $18,580 in total proceeds. Upon selling the shares at $18.58, the Director now owns 18,642 shares.
Before that, NATHAN RICHARDSON bought 3,000 shares. Grindr Inc shares valued at $55,860 were divested by the Director at a price of $18.62 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 jump 0.66% to $15.24. Over the last five days, the stock has lost -18.06%. Grindr Inc shares have fallen nearly -14.57% since the year began. Nevertheless, the stocks have risen 84.73% over the past one year. While a 52-week high of $19.20 was reached on 02/25/25, a 52-week low of $8.95 was recorded on 03/07/25. SMA at 50 days reached $17.69, while 200 days put it at $13.75.
Levels Of Support And Resistance For GRND Stock
The 24-hour chart illustrates a support level at 14.70, which if violated will result in even more drops to 14.16. On the upside, there is a resistance level at 15.59. A further resistance level may holdings at 15.94. The Relative Strength Index (RSI) on the 14-day chart is 32.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.85%. Stochastics %K at 14.31% indicates the stock is a buying.
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.
