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There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Spark Networks Plc (NYSE MKT: LOV) and Tilly’s Inc (NYSE: TLYS) with bullish sentiments.
Spark Networks Plc (NYSE MKT: LOV)
B.Riley FBR analyst Kara Anderson reiterated a Buy rating on Spark Networks Plc (NYSE MKT: LOV) yesterday and set a price target of $17. The company’s shares closed yesterday at $12.15.
Anderson noted:
“We are updating our estimates for Buy-rated Spark Networks SE (LOV; $17 PT) following its first earnings report since completing a stock-for-stock merger with European-based online dating operator, Affinitas, which required more time to rework our model. FY17 results were relatively in line with our pro forma revenue and adjusted EBITDA model. FY17 pro forma revenue of €105.9 million and adjusted EBITDA of €8.6 million compared to our €107.2 million and €8.9 million, respectively. At the time, management also provided an update to its almost year- old outlook (first provided in May 2017) that was mixed with it raising revenue guidance but lowering the adjusted EBITDA outlook on marketing dollars it expects to deploy toward its now relaunched SilverSingles brand.”
According to TipRanks.com, Anderson is a 3-star analyst with an average return of 6.8% and a 49.4% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Nutrisystem Inc, and TheStreet.
Spark Networks Plc has an analyst consensus of Hold.
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Tilly’s Inc (NYSE: TLYS)
In a report released yesterday, Jeff Van Sinderen from B.Riley FBR maintained a Buy rating on Tilly’s Inc (NYSE: TLYS), with a price target of $17. The company’s shares closed yesterday at $11.62.
Van Sinderen commented:
“Tilly’s (TLYS) reports 1Q results AMC on 5/30. In addition to the e-comm/omni-channel glitch hangover that TLYS had to endure, weather was not especially favorable for wear-now merchandise in 1Q. Thus, with the inherent drag of a limping e-com/omni-channel system, the company depended more on brick & mortar traffic, which we do not think provided much upside. All things considered, we expect a soft 1Q. We would not expect much better than an overall roughly in-line 1Q with a flattish comp and we cannot rule out downside potential to some metrics. That said, the strong branded cycle is a positive backdrop for TLYS and BTS stands to benefit broadly from the re-start of the omni-channel e-com system.”
According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -2.4% and a 45.8% success rate. Sinderen covers the Services sector, focusing on stocks such as Kirkland’s, Zumiez Inc, and JC Penney.
Tilly’s Inc has an analyst consensus of Moderate Buy, with a price target consensus of $17.
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