The stock of Spark Networks SE (NASDAQ:LOV) last traded at $0.48, up 24.96% from the previous session.
Data from the available sources indicates that Spark Networks SE (NASDAQ:LOV) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $1.50, we find $1.50. Given the previous closing price of $0.38, this indicates a potential upside of 294.74 percent. LOV stock price is now -39.67% away from the 50-day moving average and -56.92% away from the 200-day moving average. The market capitalization of the company currently stands at $12.73M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
In other news, Osmium Partners, LLC, 10% Owner sold 210,501 shares of the company’s stock on Dec 30. The stock was sold for $130,048 at an average price of $0.62. Upon completion of the transaction, the 10% Owner now directly owns 4,520,702 shares in the company, valued at $2.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 29, 10% Owner Osmium Partners, LLC sold 200,000 shares of the business’s stock. A total of $128,300 was realized by selling the stock at an average price of $0.64. This leaves the insider owning 4,731,203 shares of the company worth $2.27 million. Insiders disposed of 819,027 shares of company stock worth roughly $0.39 million over the past 1 year. A total of 5.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LOV stock. A new stake in Spark Networks SE shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $26,000. CITADEL ADVISORS LLC invested $8,000 in shares of LOV during the first quarter. In the first quarter, UBS GROUP AG acquired a new stake in Spark Networks SE valued at approximately $1,000. In total, there are 17 active investors with 38.40% ownership of the company’s stock.
With an opening price of $0.4100 on Wednesday morning, Spark Networks SE (NASDAQ: LOV) set off the trading day. During the past 12 months, Spark Networks SE has had a low of $0.25 and a high of $3.85. The fifty day moving average price for LOV is $0.7936 and a two-hundred day moving average price translates $1.1062 for the stock.
The latest earnings results from Spark Networks SE (NASDAQ: LOV) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at -$6.58, missing analysts’ expectations of $0.32 by -6.9. This compares to -$0.29 EPS in the same period last year. The net profit margin was -22.90% and return on equity was -848.60% for LOV. The company reported revenue of $41.34 million for the quarter, compared to $49.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.17 percent.
Spark Networks SE(LOV) Company Profile
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. Spark Networks SE is headquartered in Berlin, Germany.
