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

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

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

Spark Networks Stock Performance

Shares of LOV stock opened at $0.92 on Friday. The company has a debt-to-equity ratio of 5.83, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $2.42 million, a price-to-earnings ratio of -0.08 and a beta of 1.31. The stock has a 50 day simple moving average of $0.86 and a 200-day simple moving average of $0.97. Spark Networks has a 1-year low of $0.52 and a 1-year high of $3.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Manhattan CO. LLC. raised its stake in Spark Networks by 2.0% in the 1st quarter. First Manhattan CO. LLC. now owns 2,581,300 shares of the company’s stock valued at $1,733,000 after purchasing an additional 50,000 shares during the last quarter. First Manhattan Co. raised its stake in Spark Networks by 40.4% in the 4th quarter. First Manhattan Co. now owns 2,531,300 shares of the company’s stock valued at $1,645,000 after purchasing an additional 728,500 shares during the last quarter. Potomac Capital Management Inc. raised its stake in Spark Networks by 98.9% in the 1st quarter. Potomac Capital Management Inc. now owns 512,500 shares of the company’s stock valued at $344,000 after purchasing an additional 254,861 shares during the last quarter. Finally, Ridgewood Investments LLC raised its stake in Spark Networks by 10.0% in the 1st quarter. Ridgewood Investments LLC now owns 336,004 shares of the company’s stock valued at $226,000 after purchasing an additional 30,446 shares during the last quarter.

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.