Zacks Investment Research lowered shares of Spark Networks Inc (NYSEMKT:LOV) from a hold rating to a sell rating in a report released on Wednesday, July 12th.
According to Zacks, “Spark Networks is a leading provider of online personals in the United States and internationally. Our comprehensive, user-friendly websites offer convenient and safe places for likeminded singles to connect. Many of these connections lead to long term relationships and quite often marriage. “
Separately, B. Riley reissued a neutral rating and issued a $1.30 price target on shares of Spark Networks in a report on Tuesday, May 9th.
Shares of Spark Networks (NYSEMKT LOV) remained flat at $0.91 on Wednesday. The company’s stock had a trading volume of 45,936 shares. Spark Networks has a 52 week low of $0.76 and a 52 week high of $2.08. The firm’s 50 day moving average price is $0.95 and its 200-day moving average price is $0.97. The firm’s market capitalization is $29.21 million.
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A number of large investors have recently made changes to their positions in LOV. Robotti Robert raised its stake in Spark Networks by 5.7% in the first quarter. Robotti Robert now owns 314,125 shares of the technology company’s stock valued at $324,000 after buying an additional 16,800 shares during the last quarter. Royce & Associates LP raised its stake in Spark Networks by 22.5% in the first quarter. Royce & Associates LP now owns 322,175 shares of the technology company’s stock valued at $332,000 after buying an additional 59,175 shares during the last quarter. Renaissance Technologies LLC raised its stake in Spark Networks by 9.3% in the first quarter. Renaissance Technologies LLC now owns 328,200 shares of the technology company’s stock valued at $338,000 after buying an additional 27,900 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. raised its stake in Spark Networks by 29.6% in the first quarter. Financial & Investment Management Group Ltd. now owns 555,012 shares of the technology company’s stock valued at $572,000 after buying an additional 126,920 shares during the last quarter.
Spark Networks Company Profile
Spark Networks, Inc is engaged in creating brands and communities that help individuals form life-long relationships with others that share their interests and values. The Company operates through four segments, such as Jewish Networks, which consists of JDate, JDate.co.uk, JDate.fr, JDate.co.il, Cupid.co.il and JSwipe; Christian Networks, which consists of ChristianMingle, CrossPaths, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, DailyBibleVerse.com and Faith.com; Other Networks, which consists of Spark.com and related other general market Websites, as well as other properties, which primarily consists of sites focused towards various religious, ethnic, geographic and special interest groups, and Offline & Other Businesses segment, which consists of revenue generated from offline activities.
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