Spark Networks Inc (LOV) Rating Increased to Buy at Zacks Investment Research
Spark Networks Inc (NYSEMKT:LOV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage presently has a $1.00 price target on the technology company’s stock. Zacks Investment Research’s price target indicates a potential upside of 1.00% from the stock’s current price.
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 reiterated a “neutral” rating and set a $1.20 price objective on shares of Spark Networks in a research note on Wednesday, March 22nd.
Spark Networks (NYSEMKT:LOV) opened at 0.9901 on Friday. Spark Networks has a 12 month low of $0.83 and a 12 month high of $2.49. The company’s 50-day moving average is $0.98 and its 200 day moving average is $1.09. The company’s market cap is $31.68 million.
Spark Networks (NYSEMKT:LOV) last issued its quarterly earnings results on Tuesday, March 21st. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.11. The firm earned $7.74 million during the quarter, compared to analysts’ expectations of $7.48 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Equities analysts forecast that Spark Networks will post ($0.10) earnings per share for the current fiscal year.
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An institutional investor recently raised its position in Spark Networks stock. Financial & Investment Management Group Ltd. increased its position in shares of Spark Networks Inc (NYSEMKT:LOV) by 29.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 555,012 shares of the technology company’s stock after buying an additional 126,920 shares during the period. Financial & Investment Management Group Ltd. owned about 1.73% of Spark Networks worth $572,000 as of its most recent filing with the SEC.
Spark Networks Company Profile
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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