Michael J. Mcconnell Sells 18,275 Shares of Spark Networks Inc. (LOV) Stock
Spark Networks Inc. (NYSEMKT:LOV) Director Michael J. Mcconnell sold 18,275 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $1.14, for a total value of $20,833.50. Following the completion of the sale, the director now owns 308,014 shares of the company’s stock, valued at approximately $351,135.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Spark Networks Inc. (NYSEMKT:LOV) opened at 1.11 on Tuesday. The stock’s market cap is $28.80 million. The firm’s 50-day moving average price is $1.42 and its 200-day moving average price is $1.61. Spark Networks Inc. has a 12-month low of $1.06 and a 12-month high of $4.14.
A number of brokerages recently issued reports on LOV. Zacks Investment Research upgraded Spark Networks from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Tuesday, July 26th. B. Riley restated a “buy” rating and set a $3.50 target price on shares of Spark Networks in a report on Wednesday, August 3rd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in Spark Networks during the first quarter worth $651,000. Robotti Robert increased its stake in shares of 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. Finally, 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 in the last quarter.
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.
Receive News & Stock Ratings for Spark Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Networks Inc. and related stocks with our FREE daily email newsletter.