StockNews.com began coverage on shares of Spark Networks (NYSE:LOV – Get Rating) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.
Separately, B. Riley reduced their price target on Spark Networks from $6.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, March 9th.
Spark Networks Price Performance
LOV opened at $0.97 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.83. The firm has a market cap of $2.53 million, a price-to-earnings ratio of -0.11 and a beta of 1.34. The stock’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.41. Spark Networks has a 12-month low of $0.52 and a 12-month high of $3.85.
Hedge Funds Weigh In On Spark Networks
A hedge fund recently raised its stake in Spark Networks stock. Ridgewood Investments LLC boosted its holdings in Spark Networks SE (NYSE:LOV – Get Rating) by 43.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 305,558 shares of the company’s stock after acquiring an additional 93,102 shares during the period. Ridgewood Investments LLC owned 11.66% of Spark Networks worth $199,000 as of its most recent filing with the Securities and Exchange Commission.
About Spark Networks
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.
- Get a free copy of the StockNews.com research report on Spark Networks (LOV)
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