Citizens JMP Reiterates Market Outperform Rating on Grindr (GRND)

Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $23.00 price target on Grindr (NYSE: GRND).

The analyst commented, "we are incrementally positive toward webbased checkout adoption when signing up to subscribe, as we expect this to be a growing near-term driver of margin expansion for Duolingo (DUOL, MO, $500 PT) as we have previously found the company to be testing a web-based checkout, while Grindr (GRND, MO, $23 PT) and Life360 (LIF, MO, $95 PT) likely soon follow."

For an analyst ratings summary and ratings history on Grindr click here. For more ratings news on Grindr click here.

Shares of Grindr closed at $15.02 yesterday.

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