Spark Networks (NYSEAMERICAN:LOV) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Spark Networks (NYSEAMERICAN:LOV) from a hold rating to a sell rating in a research note released on Saturday, 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. “

Other equities research analysts have also issued reports about the company. B. Riley reissued 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 reissued a buy rating and set a $19.00 price objective on shares of Spark Networks in a research note on Thursday, April 30th.

LOV opened at $3.30 on Friday. Spark Networks has a fifty-two week low of $1.80 and a fifty-two week high of $12.20.

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in Spark Networks during the fourth quarter valued at $436,000. Oxford Asset Management LLP boosted its position in Spark Networks by 17.3% during the fourth quarter. Oxford Asset Management LLP now owns 52,029 shares of the technology company’s stock valued at $236,000 after purchasing an additional 7,658 shares during the last quarter. Renaissance Technologies LLC boosted its position in Spark Networks by 273.4% during the fourth quarter. Renaissance Technologies LLC now owns 227,364 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 166,470 shares during the last quarter. PEAK6 Investments LLC boosted its position in Spark Networks by 386.8% during the fourth quarter. PEAK6 Investments LLC now owns 2,479,512 shares of the technology company’s stock valued at $11,568,000 after purchasing an additional 1,970,212 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Spark Networks during the fourth quarter valued at $32,000.

Spark Networks Company Profile

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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