Michael J. Mcconnell Sells 10,400 Shares of Spark Networks Inc. (LOV) Stock
Spark Networks Inc. (NYSEMKT:LOV) Director Michael J. Mcconnell sold 10,400 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $1.29, for a total value of $13,416.00. Following the completion of the transaction, the director now owns 332,614 shares of the company’s stock, valued at $429,072.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Spark Networks Inc. (NYSEMKT:LOV) traded down 0.01% during mid-day trading on Friday, reaching $1.14. The company’s stock had a trading volume of 9,599 shares. Spark Networks Inc. has a 12-month low of $1.06 and a 12-month high of $4.14. The firm’s 50 day moving average price is $1.44 and its 200 day moving average price is $1.64. The stock’s market cap is $29.58 million.
A number of institutional investors have recently added to or reduced their stakes in LOV. Robotti Robert increased 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. Financial & Investment Management Group Ltd. increased 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, Kovitz Investment Group Partners LLC acquired a new stake in Spark Networks during the first quarter worth approximately $651,000.
Several research firms recently weighed in on LOV. Zacks Investment Research upgraded Spark Networks from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a report on Tuesday, July 26th. B. Riley reiterated a “buy” rating and issued a $3.50 target price on shares of Spark Networks in a research note on Wednesday, August 3rd.
Spark Networks Company Profile
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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