Spark Networks SE (NYSEAMERICAN:LOV) Major Shareholder Sells $55,730.25 in Stock

Spark Networks SE (NYSEAMERICAN:LOV) major shareholder Viii Lp Canaan sold 10,575 shares of the stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $5.27, for a total value of $55,730.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Viii Lp Canaan also recently made the following trade(s):

  • On Monday, June 7th, Viii Lp Canaan sold 8,929 shares of Spark Networks stock. The stock was sold at an average price of $5.59, for a total value of $49,913.11.
  • On Thursday, June 3rd, Viii Lp Canaan sold 9,021 shares of Spark Networks stock. The stock was sold at an average price of $5.81, for a total value of $52,412.01.
  • On Tuesday, June 1st, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The stock was sold at an average price of $5.78, for a total value of $69,360.00.
  • On Monday, May 24th, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The stock was sold at an average price of $5.15, for a total value of $61,800.00.
  • On Friday, May 21st, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The stock was sold at an average price of $5.24, for a total value of $62,880.00.
  • On Wednesday, May 19th, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The stock was sold at an average price of $5.69, for a total value of $68,280.00.
  • On Monday, May 17th, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The stock was sold at an average price of $5.53, for a total value of $66,360.00.
  • On Friday, May 14th, Viii Lp Canaan sold 7,230 shares of Spark Networks stock. The stock was sold at an average price of $6.13, for a total value of $44,319.90.
  • On Wednesday, May 12th, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The shares were sold at an average price of $6.09, for a total value of $73,080.00.
  • On Monday, May 10th, Viii Lp Canaan sold 12,000 shares of Spark Networks stock. The shares were sold at an average price of $6.67, for a total value of $80,040.00.

Shares of Spark Networks stock opened at $5.30 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $6.91 million, a price-to-earnings ratio of -22.08 and a beta of 1.87. The company has a fifty day moving average price of $4.77. Spark Networks SE has a fifty-two week low of $3.08 and a fifty-two week high of $8.40.

Spark Networks (NYSEAMERICAN:LOV) last announced its earnings results on Monday, May 17th. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.21). The firm had revenue of $56.38 million during the quarter, compared to analyst estimates of $55.90 million. As a group, equities research analysts expect that Spark Networks SE will post 0.12 EPS for the current year.

Several brokerages have recently weighed in on LOV. Canaccord Genuity upped their price objective on Spark Networks from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, April 14th. Zacks Investment Research lowered Spark Networks from a “hold” rating to a “sell” rating in a report on Wednesday, April 7th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jeereddi Investments LP purchased a new stake in shares of Spark Networks during the first quarter valued at $75,000. Kovitz Investment Group Partners LLC raised its position in Spark Networks by 14.2% during the first quarter. Kovitz Investment Group Partners LLC now owns 20,879 shares of the technology company’s stock valued at $156,000 after buying an additional 2,594 shares during the period. Prelude Capital Management LLC acquired a new position in Spark Networks during the fourth quarter valued at $167,000. Diametric Capital LP acquired a new position in Spark Networks during the fourth quarter valued at $271,000. Finally, Henry James International Management Inc. acquired a new position in Spark Networks during the first quarter valued at $343,000.

Spark Networks Company Profile

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

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Insider Buying and Selling by Quarter for Spark Networks (NYSEAMERICAN:LOV)

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