Spark Networks (NYSE:LOV) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Spark Networks (NYSE:LOV – Get Rating) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Separately, B. Riley lowered their target price on Spark Networks from $3.00 to $1.50 and set a “buy” rating for the company in a report on Friday, March 31st.

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Spark Networks Stock Up 11.9 %

Shares of NYSE LOV opened at $0.81 on Wednesday. The stock’s fifty day moving average is $0.87 and its 200 day moving average is $1.07. The stock has a market capitalization of $2.13 million, a P/E ratio of -0.07 and a beta of 1.30. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.14 and a current ratio of 0.14. Spark Networks has a 52 week low of $0.52 and a 52 week high of $3.85.

Institutional Investors Weigh In On Spark Networks

A hedge fund recently raised its stake in Spark Networks stock. Ridgewood Investments LLC grew its position in shares of Spark Networks SE (NYSE:LOV – Get Rating) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,558 shares of the company’s stock after acquiring an additional 93,102 shares during the quarter. Ridgewood Investments LLC owned about 11.66% of Spark Networks worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

Spark Networks Company Profile

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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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