Spark Networks Inc (NYSEMKT:LOV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, July 20th.
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 reaffirmed a “neutral” rating and issued a $1.20 price objective on shares of Spark Networks in a research report on Wednesday, March 22nd.
Spark Networks (NYSEMKT LOV) traded down 3.09% during mid-day trading on Thursday, hitting $0.94. 16,814 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $0.96 and its 200-day moving average price is $0.97. Spark Networks has a 12 month low of $0.76 and a 12 month high of $2.08. The stock’s market cap is $30.17 million.
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A number of institutional investors have recently bought and sold shares of the company. Robotti Robert raised its position 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 period. Royce & Associates LP boosted 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 worth $332,000 after buying an additional 59,175 shares in the last quarter. Renaissance Technologies LLC boosted 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 worth $338,000 after buying an additional 27,900 shares in the last quarter. Finally, Financial & Investment Management Group Ltd. boosted 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 worth $572,000 after buying an additional 126,920 shares in the last quarter.
About Spark Networks
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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