Spark Networks (NYSEAMERICAN:LOV) Cut to Sell at Zacks Investment Research
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. “
Other research analysts have also issued reports about the stock. B. Riley reaffirmed a buy rating and set a $7.50 price objective on shares of Spark Networks in a research note on Tuesday, June 9th. Canaccord Genuity reaffirmed a buy rating and set a $19.00 price objective on shares of Spark Networks in a research note on Thursday, April 30th.
A number of large investors have recently added to or reduced their stakes in the stock. PEAK6 Investments LLC raised its holdings in Spark Networks by 386.8% in the fourth quarter. PEAK6 Investments LLC now owns 2,479,512 shares of the technology company’s stock worth $11,568,000 after purchasing an additional 1,970,212 shares in the last quarter. Engine Capital Management LP raised its holdings in Spark Networks by 24.0% in the fourth quarter. Engine Capital Management LP now owns 604,580 shares of the technology company’s stock worth $2,739,000 after purchasing an additional 116,876 shares in the last quarter. SkyTop Capital Management LLC raised its holdings in Spark Networks by 462.6% in the first quarter. SkyTop Capital Management LLC now owns 254,822 shares of the technology company’s stock worth $657,000 after purchasing an additional 209,530 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Spark Networks by 273.4% in the fourth quarter. Renaissance Technologies LLC now owns 227,364 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 166,470 shares in the last quarter. Finally, Geode Capital Management LLC bought a new position in Spark Networks in the fourth quarter worth about $436,000.
About Spark Networks
Spark Networks SE operates online dating sites and mobile applications. It focuses on catering professionals and highly educated singles with serious relationship intentions in North America and other international markets. The company operates its dating platforms under the EliteSingles, SilverSingles, JDate, Christian Mingle, eDarling, JSwipe, and Attractive World brands.
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