Spark Networks (NYSE:LOV) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Spark Networks (NYSE:LOV) in a report released on Saturday. The firm set a “hold” rating on the stock.

Spark Networks Trading Down 8.7 %

Shares of Spark Networks stock opened at $0.21 on Friday. The firm’s 50 day simple moving average is $0.25 and its two-hundred day simple moving average is $0.63. The firm has a market capitalization of $5.57 million, a price-to-earnings ratio of -0.02 and a beta of 1.10. Spark Networks has a 12-month low of $0.17 and a 12-month high of $3.00.

Spark Networks (NYSE:LOV) last issued its earnings results on Monday, August 14th. The company reported ($1.03) EPS for the quarter. Spark Networks had a negative net margin of 34.37% and a negative return on equity of 223.29%. The firm had revenue of $41.20 million during the quarter.

Institutional Trading of Spark Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOV. Ridgewood Investments LLC lifted its position in shares of Spark Networks by 10.0% during the 1st quarter. Ridgewood Investments LLC now owns 336,004 shares of the company’s stock valued at $226,000 after buying an additional 30,446 shares in the last quarter. Potomac Capital Management Inc. lifted its holdings in Spark Networks by 98.9% during the first 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 in the last quarter. First Manhattan Co. lifted its holdings in Spark Networks by 40.4% during the fourth 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 in the last quarter. Finally, First Manhattan CO. LLC. grew its position in shares of Spark Networks by 2.0% in the first 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 period. Institutional investors and hedge funds own 15.55% of the company’s stock.

About Spark Networks

Spark Networks SE operates online dating sites and mobile applications in the he United States, Canada, Australia, the United Kingdom, and France. It focuses on 40+ age demographic and faith-based affiliations. The company operates its dating platforms under the Zoosk, EliteSingles, Christian Mingle, Jdate, JSwipe, and SilverSingles brands.