Spark Networks SE (NYSEAMERICAN:LOV) shares fell 5% on Monday . The company traded as low as $9.97 and last traded at $10.00. 7,460 shares traded hands during trading, a decline of 72% from the average session volume of 26,450 shares. The stock had previously closed at $10.53.
LOV has been the topic of a number of analyst reports. Canaccord Genuity lifted their price objective on shares of Spark Networks from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Zacks Investment Research lowered shares of Spark Networks from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Spark Networks in a research note on Monday, March 25th.
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About Spark Networks (NYSEAMERICAN:LOV)
Spark Networks SE operates online dating sites and mobile applications. It focuses on catering professionals and highly educated singles with serious relationship intentions in North America and other international markets. The company operates its dating platforms under the EliteSingles, SilverSingles, JDate, Christian Mingle, eDarling, JSwipe, and Attractive World brands.
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