Zacks Investment Research upgraded shares of Spark Networks Inc. (NYSEMKT:LOV) from a sell rating to a hold rating in a research note released on Wednesday.

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 set a $3.00 price target on shares of Spark Networks and gave the company a buy rating in a report on Tuesday, August 9th.

Spark Networks (NYSEMKT:LOV) opened at 1.57 on Wednesday. Spark Networks has a 12-month low of $1.40 and a 12-month high of $4.14. The company’s market cap is $40.73 million. The stock’s 50 day moving average is $1.65 and its 200-day moving average is $1.81.

Spark Networks (NYSEMKT:LOV) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $9.10 million for the quarter, compared to analyst estimates of $9.62 million. Analysts predict that Spark Networks will post ($0.14) earnings per share for the current fiscal year.

In other Spark Networks news, major shareholder Lloyd I. Miller III purchased 200,300 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average cost of $1.49 per share, for a total transaction of $298,447.00. Following the completion of the purchase, the insider now owns 787,542 shares of the company’s stock, valued at approximately $1,173,437.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Osmium Partners, Llc purchased 51,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was acquired at an average price of $1.48 per share, for a total transaction of $76,220.00. The disclosure for this purchase can be found here.

Several institutional investors have recently added to or reduced their stakes in the stock. Robotti Robert increased its position 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 during the period. Renaissance Technologies LLC increased 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. Financial & Investment Management Group Ltd. increased its stake in shares of 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 during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Spark Networks during the first quarter worth about $651,000.

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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