Spark Networks (NYSEAMERICAN:LOV) Downgraded by Zacks Investment Research

Spark Networks (NYSEAMERICAN:LOVGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “strong sell” rating in a research report issued on Friday, Zacks.com reports.

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. “

Shares of LOV opened at $1.87 on Friday. Spark Networks has a one year low of $1.41 and a one year high of $6.37. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.75.

Spark Networks (NYSEAMERICAN:LOVGet Rating) last issued its quarterly earnings results on Wednesday, March 16th. The technology company reported ($3.80) EPS for the quarter, hitting analysts’ consensus estimates of ($3.80). The firm had revenue of $51.98 million for the quarter, compared to analyst estimates of $51.98 million. Research analysts forecast that Spark Networks will post -8.78 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in shares of Spark Networks during the 4th quarter valued at about $251,000. Titleist Asset Management LTD. purchased a new position in shares of Spark Networks during the 4th quarter valued at about $151,000. Advisor Group Holdings Inc. raised its stake in shares of Spark Networks by 20,000.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 12,864 shares of the technology company’s stock valued at $106,000 after buying an additional 12,800 shares during the last quarter. AMH Equity Ltd purchased a new position in shares of Spark Networks during the 1st quarter valued at about $1,350,000. Finally, Ridgewood Investments LLC raised its stake in shares of Spark Networks by 32.5% during the 1st quarter. Ridgewood Investments LLC now owns 187,456 shares of the technology company’s stock valued at $506,000 after buying an additional 45,956 shares during the last quarter.

Spark Networks Company Profile (Get Rating)

Spark Networks SE operates online dating sites and mobile applications. It focuses on catering to the 40+ age demographic and religious communities in North America and other international markets. The company operates its dating platforms under the Zoosk, EliteSingles, Christian Mingle, Jdate, JSwipe, and SilverSingles brands.

See Also

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