Todays Report: Today, Spark Networks Inc. (LOV) Given “Neutral” Rating at B. Riley

Today, Spark Networks Inc. (LOV) Given “Neutral” Rating at B. Riley

Spark Networks Inc. (NYSEMKT:LOV)‘s stock had its “neutral” rating reaffirmed by stock analysts at B. Riley in a note issued to investors on Wednesday. They currently have a $3.00 price target on the stock. B. Riley’s price target would indicate a potential upside of 163.16% from the stock’s previous close.

Separately, Zacks Investment Research upgraded shares of Spark Networks from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a report on Tuesday, July 26th.

Spark Networks (NYSEMKT:LOV) traded up 1.89% on Wednesday, reaching $1.08. 50,881 shares of the company traded hands. The stock’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.60. Spark Networks has a one year low of $1.06 and a one year high of $4.14. The company’s market capitalization is $34.42 million.

In other Spark Networks news, Director Osmium Partners, Llc purchased 83,901 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average cost of $1.57 per share, for a total transaction of $131,724.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bradley Goldberg purchased 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average price of $1.93 per share, with a total value of $27,020.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at $5,790. The disclosure for this purchase can be found here.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in 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 in the last quarter. Robotti Robert raised its stake in Spark Networks by 2.8% in the second quarter. Robotti Robert now owns 320,600 shares of the company’s stock worth $507,000 after buying an additional 8,750 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Spark Networks during the first quarter worth $651,000. Financial & Investment Management Group Ltd. raised 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 worth $725,000 after buying an additional 114,110 shares in the last quarter. Finally, Royce & Associates LLC raised its stake in Spark Networks by 4.3% in the fourth quarter. Royce & Associates LLC now owns 612,500 shares of the company’s stock worth $2,358,000 after buying an additional 25,100 shares in the last quarter.

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