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

Posted by on Jun 21st, 2023

Stock analysts at StockNews.com started coverage on shares of Spark Networks (NYSE:LOV – Get Rating) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Separately, B. Riley cut their target price 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.

Spark Networks Stock Performance

Spark Networks stock opened at $0.80 on Wednesday. The stock has a market cap of $2.10 million, a P/E ratio of -0.07 and a beta of 1.33. The firm’s fifty day moving average price is $0.86 and its 200-day moving average price is $0.90. Spark Networks has a fifty-two week low of $0.52 and a fifty-two week high of $3.85. 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 (NYSE:LOV – Get Rating) last issued its earnings results on Thursday, March 30th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.15. The company had revenue of $41.64 million for the quarter, compared to analysts’ expectations of $46.73 million. Spark Networks had a negative net margin of 22.92% and a negative return on equity of 223.29%. On average, equities research analysts expect that Spark Networks will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LOV. First Manhattan CO. LLC. grew its position in Spark Networks by 2.0% during the first quarter. First Manhattan CO. LLC. now owns 2,581,300 shares of the company’s stock valued at $1,733,000 after buying an additional 50,000 shares during the period. First Manhattan Co. boosted its position in shares of Spark Networks by 40.4% during the fourth quarter. First Manhattan Co. now owns 2,531,300 shares of the company’s stock worth $1,645,000 after acquiring an additional 728,500 shares during the last quarter. Potomac Capital Management Inc. boosted its position in shares of Spark Networks by 98.9% during the first quarter. Potomac Capital Management Inc. now owns 512,500 shares of the company’s stock worth $344,000 after acquiring an additional 254,861 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of Spark Networks by 10.0% during the first quarter. Ridgewood Investments LLC now owns 336,004 shares of the company’s stock worth $226,000 after acquiring an additional 30,446 shares during the last quarter.

Spark Networks Company Profile

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Spark Networks SE operates online dating sites and mobile applications in the he United States, Canada, Australia, the United Kingdom, and France. It focuses on 40+ age demographic and faith-based affiliations. The company operates its dating platforms under the Zoosk, EliteSingles, Christian Mingle, Jdate, JSwipe, and SilverSingles brands.

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