Spark Networks SE (NYSEAMERICAN:LOV) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $3.33. Spark Networks shares last traded at $3.31, with a volume of 59,400 shares trading hands.
Several equities research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $7.50 price target on shares of Spark Networks in a research note on Tuesday, June 9th. Zacks Investment Research downgraded Spark Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Canaccord Genuity restated a “buy” rating and issued a $19.00 price target on shares of Spark Networks in a research report on Thursday, April 30th.
Several hedge funds have recently modified their holdings of the business. Bank of Montreal Can bought a new position in shares of Spark Networks in the fourth quarter worth about $32,000. Greenwich Wealth Management LLC acquired a new position in Spark Networks during the 4th quarter worth approximately $47,000. Vivaldi Asset Management LLC acquired a new stake in Spark Networks in the fourth quarter valued at approximately $100,000. GSA Capital Partners LLP bought a new stake in shares of Spark Networks during the first quarter worth $60,000. Finally, Highland Private Wealth Management bought a new stake in shares of Spark Networks during the first quarter worth $77,000.
Spark Networks SE operates online dating sites and mobile applications. It focuses on catering professionals and highly educated singles with serious relationship intentions in North America and other international markets. The company operates its dating platforms under the EliteSingles, SilverSingles, JDate, Christian Mingle, eDarling, JSwipe, and Attractive World brands.
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