Spark Networks SE (NYSEAMERICAN:LOV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $6.27. Spark Networks shares last traded at $6.20, with a volume of 844 shares changing hands.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Spark Networks from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. Canaccord Genuity set a $19.00 price target on shares of Spark Networks and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, B. Riley reissued a “buy” rating and set a $18.00 price target on shares of Spark Networks in a research report on Tuesday, August 27th.
A hedge fund recently bought a new stake in Spark Networks stock. Renaissance Technologies LLC bought a new position in Spark Networks SE (NYSEAMERICAN:LOV) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 38,499 shares of the technology company’s stock, valued at approximately $454,000. Renaissance Technologies LLC owned 1.20% of Spark Networks at the end of the most recent quarter.
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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