StockNews.com Begins Coverage on Spark Networks (NYSE:LOV)

Analysts at StockNews.com began coverage on shares of Spark Networks (NYSE:LOV – Get Rating) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

Separately, B. Riley reduced their price objective on shares of Spark Networks from $3.00 to $1.50 and set a “buy” rating on the stock in a research note on Friday, March 31st.

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Spark Networks Stock Down 3.3 %

Shares of NYSE:LOV opened at $0.85 on Monday. The company has a market cap of $2.23 million, a price-to-earnings ratio of -0.08 and a beta of 1.30. The firm’s 50-day simple moving average is $0.94 and its 200-day simple moving average is $1.19. Spark Networks has a fifty-two week low of $0.52 and a fifty-two week high of $3.85. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.83.

Institutional Investors Weigh In On Spark Networks

A hedge fund recently raised its stake in Spark Networks stock. First Manhattan Co. increased its position in shares of Spark Networks SE (NYSE:LOV – Get Rating) by 40.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,531,300 shares of the company’s stock after purchasing an additional 728,500 shares during the period. First Manhattan Co. owned approximately 96.61% of Spark Networks worth $1,645,000 at the end of the most recent quarter.

About Spark Networks

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Spark Networks SE operates as a social dating platform for meaningful relationships. Its premium and freemium dating apps include Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, among others. It operates through the following segments: Zoosk and Spark. The company was founded on April 5, 2017 and is headquartered in Berlin, Germany.

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