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. “
Separately, B. Riley restated a buy rating and issued a $3.00 price objective on shares of Spark Networks in a report on Sunday, August 14th.
Shares of Spark Networks (NYSEMKT:LOV) opened at 1.58 on Wednesday. The company’s market cap is $40.99 million. Spark Networks has a 52 week low of $1.40 and a 52 week high of $4.14. The company has a 50 day moving average of $1.62 and a 200-day moving average of $1.87.
Spark Networks (NYSEMKT:LOV) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm earned $9.10 million during the quarter, compared to analyst estimates of $9.62 million. On average, equities research analysts expect that Spark Networks will post ($0.14) earnings per share for the current fiscal year.
In related news, major shareholder Lloyd I. Miller III bought 49,612 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was purchased at an average price of $1.40 per share, with a total value of $69,456.80. Following the completion of the transaction, the insider now directly owns 787,542 shares of the company’s stock, valued at $1,102,558.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Lloyd I. Miller III bought 292,958 shares of the firm’s stock in a transaction on Wednesday, September 21st. The shares were bought at an average cost of $1.55 per share, with a total value of $454,084.90. Following the transaction, the insider now directly owns 787,542 shares of the company’s stock, valued at $1,220,690.10. The disclosure for this purchase can be found here.
A number of large investors have recently made changes to their positions in LOV. Renaissance Technologies LLC boosted its stake in shares of Spark Networks by 15.2% in the first quarter. Renaissance Technologies LLC now owns 184,600 shares of the company’s stock worth $410,000 after buying an additional 24,400 shares during the last quarter. Robotti Robert boosted its stake in Spark Networks by 2.8% in the second quarter. Robotti Robert now owns 320,600 shares of the company’s stock valued at $507,000 after buying an additional 8,750 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Spark Networks during the first quarter valued at $651,000. Finally, Financial & Investment Management Group Ltd. boosted its stake in Spark Networks by 33.1% in the second quarter. Financial & Investment Management Group Ltd. now owns 459,077 shares of the company’s stock valued at $725,000 after buying an additional 114,110 shares in the last quarter.
About Spark Networks
Spark Networks, Inc is engaged in creating brands and communities that help individuals form life-long relationships with others that share their interests and values. The Company operates through four segments, such as Jewish Networks, which consists of JDate, JDate.co.uk, JDate.fr, JDate.co.il, Cupid.co.il and JSwipe; Christian Networks, which consists of ChristianMingle, CrossPaths, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, DailyBibleVerse.com and Faith.com; Other Networks, which consists of Spark.com and related other general market Websites, as well as other properties, which primarily consists of sites focused towards various religious, ethnic, geographic and special interest groups, and Offline & Other Businesses segment, which consists of revenue generated from offline activities.
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