In a report released today, Kara Anderson from B.Riley FBR maintained a Buy rating on Spark Networks Plc (LOV), with a price target of $17.50. The company’s shares closed last Monday at $6.55, close to its 52-week low of $6.51.
Anderson noted:
“Buy-rated Spark Networks SE (LOV; $17.50 PT) will report 1H19 financials after market close on Thursday, 8/29 and hold a conference call at 4:30pm ET (dial-in: (877) 705-6003). We model revenue of €53.3 million and adjusted EBITDA of €3.0 million (there is no comparable 1H19 consensus estimate). However, we believe the bulk of investor focus will be on the integration and model with the Zoosk acquisition which closed on July 1. Recall that earlier this year, Spark announced it would acquire private U.S.-based online dating platform, Zoosk, for a total consideration of approximately $255 million (at the time of announcement).”
According to TipRanks.com, Anderson is ranked #1120 out of 5258 analysts.
Spark Networks Plc has an analyst consensus of Moderate Buy, with a price target consensus of $17.50.
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The company has a one-year high of $17.64 and a one-year low of $6.51. Currently, Spark Networks Plc has an average volume of 53.66K.
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Spark Networks SE is a holding company, which engages in the operation of online dating sites and applications. It operates through the North America and International segment. The North America segment consists of the firm’s operations in the United States and Canada.
